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Perfect for Owner User, Investor, Developer! Rare Coastal Southern California Investment Opportunity 6,000 square feet on a huge over 23,000 square foot lot. This property is located in the exclusive and affluent area of East side Costa Mesa, just outside of Newport Beach. In August 2024, the median listing price for a home in East side CostaMesa, California was $2.3 million. Highly Trafficked Freeway (On & Off Ramp) Location: This property features excellent street frontage and visibilityalong Newport Blvd (16,124 VPD). Additionally, the property benefits from it’s close proximity to the 55, Freeway (149,930 VPD), which is the main freeway in Orange County leading directly to Newport Beach and other beach cities (Corona Del Mar, Huntington Beach, etc), Ease of Access from nearby freeway on & off ramps - would make an, ideal office or destination location (i.e. surf shop, doctor office, dentalshop, ETC). Value-Add and/or Owner/User Opportunity Due to the approximate 50% physical occupancy as well as existingMonth-to-Month tenancies, the property could be used in part or inwhole by an Owner-User and may qualify for SBA financing. Buyer toverify. Significant Tenant Improvements for PotentialMedical Office Use-Suite D was recently extensively renovated for a potential medicaloffice space use. Buyer may need to obtain an additional ModifiedCUP to allow medical use for this suite. Alternately, it is estimated thata change from massage to retail would reduce parking demand toallow medical use at Suite D. Buyer to verify the potential medical usewith the City of Costa Mesa. Call Now for a Private???????????????????????????????????????? Tour.
Property Type(s):
Commercial
| Last Updated | 10/10/2024 | Year Built | 1980 |
|---|---|---|---|
| Community | East Costa Mesa | County | Orange |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | East Costa Mesa |
| CONSTRUCTION | Other |
| HEAT | Central |
| LOT | 0.54 acre(s) |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| STORIES | 1 |
| UTILITIES | Other |
| WATER | Public |
Location
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Listed with Home Smart Evergreen Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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