501 Park Avenue, Newport Beach, CA 92662
- $5,950,000
- List Price
- $5,950,000
- Status
- ACTIVE
- MLS#
- OC24091109
- Year Built
- 2015
- Lot Size
- 5,100
- Acres
- 0.12
- Lot Location
- Corner Lot
- Days on Market
- 12
- Property Type
- Commercial
- Property Sub Type
- Multi Family
Property Description
THE PROPERTY: Welcome to your slice of paradise on Balboa Island in Newport Beach! This exquisite property offers an unparalleled opportunity to own a top-performing restaurant with two stunning apartments above, all completely rebuilt to perfection in 2015. THE RESTAURANT: Step into the heart of culinary excellence as you enter the spacious and inviting restaurant and bar area. Bathed in natural light pouring through large windows, this space exudes warmth and charm. With ample room for indoor and outdoor seating and a meticulously designed kitchen equipped with top-of-the-line appliances, it’s a dream canvas for creativity. THE LOCATION Situated in the heart of Balboa Island, this property enjoys a prime location in one of Newport Beach’s most coveted neighborhoods. Surrounded by quaint shops, charming cafes, and scenic waterfront vistas, residents and visitors alike are drawn to the vibrant energy and unparalleled beauty of this coastal community. With easy access to the Balboa Island Ferry, nearby beaches, and an array of recreational activities, the possibilities for adventure and relaxation are endless.
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Additional Information
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $276,000
- Operating Expense
- 84160
Listing courtesy of Listing Agent: Kevin Bayless (kbayless@leeirvine.com) from Listing Office: Bayless Real Estate.
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