Newport Beach CA Real Estate & Commercial for Sale

Located in the highly coveted Cannery Village enclave of Newport Beach, this Exquisitely reimagined Newport Beach property is 2810 sq ft of living space with an additional 1100 sq ft of Garage space including a full 3 car garage and total parking for 5 cars! Developer spent over $700,000 on improvements .UPSTAIRS includes 1800 sq ft of living space with THREE BEDROOMS and 2 BATHROOMS. DOWNSTAIRS has approximately 1000 sq ft of RETAIL space and two adjoining extra tall garages. Plenty of parking for you and your guests with two oversized adjoining garages which are 1024 sq ft with two additional parking spaces behind each garage. TOTALLY REMODELED RARE MIXED USE in Cannery Village on Newport Peninsula. Prime prestigious Newport Beach location , this property offers both RESIDENTIAL AND COMMERCIAL spaces. Upstairs is a Three bed two bath living space with volume ceilings . Living room has a fireplace and newly remodeled kitchen with waterfall quartz counters and custom cabinetry. Three spacious bedrooms and two full bathrooms are located upstairs. A full laundry room offers ample storage. Brand new throughout, this home features gorgeous millwork and built in cabinetry and custom fireplace with shiplap. Located in the heart of Newport Beach, walk to world class beach ,fabulous eateries , Lido Isle boutiques and Theatre. The living space is separate and apart from commercial retail space below which also offers a full kitchen and a full downstairs bathroom with shower. Foot traffic and parking is abundant in this area. The downstairs commercial features a large picture window which is great for display and three separate entry doors to the exterior for easy access. So many potential uses! Garages are oversized and extra tall accommodating a car lift if required. Parking for FIVE cars! A HUGE ROOF TOP DECK features outdoor living area. Newport Beach has one of highest ranking school systems in the nation. The local customer base is sure to ramp up your business success!! THIS IS A MUST SEE!! The exquisite design is reminiscent of Lido house but with an East coast Traditional look and a Modern organic vibe ! Gorgeous custom millwork, very high end Designer grade stainless appliances , and custom hardware and upgraded lighting throughout. RARE!!!

10 Profitable rental units! This is a rare investment opportunity, located oceanfront on the Balboa Peninsula between the pier and the wedge. You will not find another oceanfront investment opportunity on the Peninsula with 10 units at this price. The property comes with short term rental permits, the current waiting list for permits it's 100's deep. The units are furnished, professionally designed, recently remodeled, and fully operating. Stop into a fully operating successful vacation rental, earning income day one. Four of the units feature unobstructed panoramic views of the ocean, Catalina and sunsets. Enjoy all oceanfront living on the Peninsula has to offer including the beach, the waves, beautiful sunsets, the pier and park. Ample entertainment options like the Balboa Fun Zone, ferry to Balboa Island, shops and great restaurants are just a short walk away. Your own porch right on the beach, ocean view of the world famous wedge to the Balboa Pier, you can't beat this location. Boogie board, surf, bike, stroll the pier and boardwalk, play at the oceanfront park and grab a coffee at one of the many cafes. There are three driveway parking spots and a coin operating inside the laundry room for the tenants.

A rare and unparalleled opportunity arises with the offering of Sugar n' Spice, an enduring symbol of Balboa Island's rich history and community spirit. Established in 1945, this beloved property has stood the test of time, serving as a beacon of nostalgia and culinary delight for nearly eight decades. From its humble beginnings, Sugar n' Spice has woven itself into the fabric of the island, becoming a cherished destination where locals and visitors alike gather to indulge in its signature treats, including Balboa Bars and chocolate-dipped frozen bananas.Beyond its culinary offerings, Sugar n' Spice holds a special place in the hearts of the community, serving as a backdrop for countless memories and shared experiences. Generations of families have frequented this beloved landmark, forging connections and traditions that span lifetimes. With its timeless charm and storied history, Sugar n' Spice presents a unique opportunity for discerning buyers to own a piece of Balboa Island's heritage and continue the legacy of this treasured establishment. The property is mixed-use and offers a great residential unit in the rear of the building. Recent visual upgrades for this expansive three-bedroom and two-bathroom property include new paint, new lighting, new luxury vinyl plank flooring and a new roof. Things that are important also to a prospective Buyer that you might not see are the hardware & lining of the wastewater pipes were replaced and redone, as well as newly replaced drainage pipes in the front shop were also recently completed. The property is being sold in conjunction with the sale of the business through a private attorney.Both the front shop and back unit are both used by the current owner, so there is no lease history. However, based on the comparables on Marine, the current back residential could rent for $4850/month. The last commercial lease on BBI on Marine was at $15.29/square foot, comping this out at $6000/month for the front shop.