Restaurant & Apartment building

Newport Beach, CA (Orange County)

Restaurant & Apartment building

Asking Price:$2,295,000

Gross Revenue:N/A

Price/Sq. Ft.:$971.00

NOI:N/A

Building SF:2,364

FF&E:N/A

Year Built:1964

Restaurant & Apartment building

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Property Description

Rare Multi Use Building on the Newport Beach Peninsula with restaurant

Beautifully maintained building on the exclusive Newport Beach Peninsula only one block to the beach between the funzone and pier. Includes newly renovated restaurant with patio and three car garage on the ground floor. Upstairs are two spacious newly updated apartment units, 2bd/1ba & 1bd/1ba. Rooftop deck with ocean and city Corona Del Mar views. Currently the restaurant is not being operated is turn key, ready and waiting for your new concept. The whole building can be delivered vacant.

Detailed Information

Type:
Multi-Family
Building SF:
2,364
Building Status:
Established
Facilities:
Includes fully equipped restaurant, kitchen, bar (type 41 beer & wine may or may not be transferred) and brand newly done dining room. Furnished apartments.
Financing:
revenue NA
Reason for Selling:
Partnership disolving
Current Property Expenses:
NA
Location Description:
All of the Newport Beach Peninsula is currently being completely renovated and the area is bringing in a new hotel, marina, museum, and park. There is a trolly on weekends for customers and is a Perfect all year round tourist attraction. Location is walking distance to the Balboa Island Ferry and Fun Zone. Just a couple short blocks to the Bay Beach to enjoy paddle boarding, kayaking, boating and more. The location is unbeatable.
Current and Prior Use:
Restaurant / Residental Rental

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Property Listed By:
Michael Forge

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