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Roseann Oesterreich, CRS, GRI

Newport Beach CA Real Estate & Commercial for Sale

1 Properties Found

The median home value in Newport Beach, CA is $2,830,000. This is higher than the county median home value of $815,000. The national median home value is $277,796. The average price of homes sold in Newport Beach, CA is $2,830,000. Approximately 52.5% of Newport Beach homes are owned, compared to 36% rented, while 11% are vacant. Newport Beach real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact Newport Beach real estate agent to arrange a tour today!
Learn more about Newport Beach.

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Lot size:
0.18 Acres
Year built:
Courtesy: Cynthia Klanian - Realty Network
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Ocean View, Restaurant Row, Walk to beach and harbor. A rare free-standing retail/restaurant building on a prime corner double lot with parking in the Cannery Village ready for your creative talents. Property includes a built-out commercial restaurant kitchen, with walk in refrigeration, 12 ft hood, underground grease interceptor, Stainless chef's line with hot and cold drawers, SS sinks, and many fixtures, furniture and equipment. Two separate dining rooms with dramatic high vaulted ceilings and a long granite countertop bar. Upgrades include (19) aluminum clad Pella windows, wrought iron lighting, Egyptian Limestone flooring. Upstairs boasts multiple large storage rooms, Italian tile flooring, a generous office suite with full bath and views to the ocean. The Cannery Village neighborhood nicknamed “Montmartre by the Sea,” is an eclectic mixture of brand new ultra-modern and old-world architecture, galleries, cafes, restaurants, bars and lively nightlife. This historic neighborhood transitioned from an industrial zone of old fish canning warehouses where fishermen would offload their catch of the day to today's modern mixed-use projects, luxury residences, and commercial properties creating a charming artsy neighborhood with typically limited availability of properties for sale. Pedestrian friendly Lido and Cannery Villages benefit from the convenience of walking to the luxury Lido House Hotel, Lido Marina Village, surfing beaches, boating, Newport Pier and the Iconic Lido theater, main venue for the annual Newport Beach Film Festival featuring outdoor entertainment nightly with local restaurants showcasing their specialties. This corner location is highly visible (100) ft on Newport Blvd and 33,000 vehicles per day. The only restaurant for sale in the midst of all the action in the heart of Balboa Peninsula benefitting from both year-round tourism and local residents patronizing businesses in the community. Current Zoning CV) Commercial Visitor allows for a variety of retail uses. Capacity (96). Great property for an investor, owner/user, or developer ready to create a new project with ocean views. Buyer to verify lot and building square footages if a factor in the purchase. The city of Newport Beach supports and promotes local businesses through the "Visit Newport Beach Website" and "Newport Beach Restaurant Week". This is the opportunity to open the restaurant of your dreams with a high-net-worth clientele.

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Based on information from CRISNet MLS as of 6/27/2022. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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