$2.32 Per Sq Foot

111 Palm Street

Newport Beach CA, 92661

Description

Rarely available, prime location for an anchor restaurant on Balboa Island. Opportunity knocks to operate a successful business within one block from the famous Balboa Pier & the beach. This premier property offers 4456sqft of restaurant/ retail space, an 600sqft open patio area and an 873sqft of office upstairs with its separate entrance. Conveniently located in Central Balboa with easy access to Balboa Island Ferry entrance, Balboa Fun Zone, numerous retail and commercial establishments, restaurants and shopping. Highly visible location with long-term lease options at competitive rent with NNN lease. Ample municipal parking on both sides of the street provides excellent foot traffic. Newport Beach is one of the most popular vacation spots in the world, attracting thousands of local and international visitors year-round.

Details

MLS#OC20154361
Listing TypeFor Lease
StyleIQWeb_Mixed Use
StatusActive
Year1985
Days On Site273

Features

SQ Feet5,388
Story(s)2
Units1
Building(s)1
Acreage0.12
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Area Information
StateCA
CountyOrange
CityNewport Beach
Zip Code92661
AreaNP - Balboa Peninsula
Listing VS Median (in 92661)
Price:
$12,500
low | high
Med:
$2,300,000
100% of Average
SqFt:
5,388
low | high
Med:
1,877
100% of Average
$ / SqFt:
$2
low | high
Med:
$1,225
100% of Average
On Site:
273
low | high
Med:
102
100% of Average
Sourced by Back At You
Listing Updated: May 10, 2021 7:14:59 AM PDT
Vera Chang LogoMLS Number: OC20154361
Listing Provided By:
Vera Chang  of  Pacific Sterling Realty
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.