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Listed by Stephanie Peterson • Arbor Real Estate
$ 2,995,000
Est. payment | /mo
2,000 SqFt
$ 2,995,000
Est. payment | /mo
2,000 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $1,497
MLS Listing ID CRNP25253751
HOA Y/N No
Year Built 1990
Lot Size 6,230 Sqft
Property Sub-Type Mixed Use
Source Datashare California Regional
Property Description
Offering 3000-3002 Newport Blvd. Prime mixed-use 2-unit commercial property with 8 dedicated parking spaces - an extremely rare amenity in this high-visibility Newport Beach corridor where most parking is paid or limited. Both units offer stable income with existing leases in place, providing immediate investment security and flexibility. Unit 1 consists of approximately 1,400 SF of retail/office space, formerly Porrovita Juice Shop, with abundant natural light and excellent street presence. This space is currently leased but vacant, giving a buyer the opportunity to customize for their own concept, renegotiate terms with the existing tenant, or secure a new operator depending on long-term vision. Perfect for café, wellness, boutique retail, showroom, professional services, or creative office use. Unit 2 is currently leased to Racked Gym, a strong local operator with consistent traffic, and the tenant is open to staying long-term under a new owner or vacating to accommodate an owner-user. This property is competitively priced with compelling pro forma cap rate potential, strong signage visibility, and a highly desirable coastal location with constant foot and vehicle traffic. An exceptional opportunity for investors seeking stabilized income, owner-operators wanting a flagship N
Location
State CA
County Orange
Interior
Heating Other
Cooling Central Air
Fireplace No
Building
Water Public
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745