327 329,331 Marine Avenue, Newport Beach, CA 92662

Property Description

An exceptional opportunity to acquire a premier, oversized commercial property along iconic Marine Avenue, the heart of Balboa Island's intimately charming shopping and dining district in Newport Beach. Ideally positioned near the entrance to Balboa Island, this property offers outstanding visibility with the highest traffic counts on Marine, expansive and desirable street frontage, and a coveted location within one of Southern California's most distinctive coastal communities. This incredibly rare 40’ oversized lot is 33% larger than the standard lot on Marine and boasts 3 separate upgraded units in addition to a spacious 800 square foot courtyard and private parking space. This property features two prominent Marine Avenue storefronts and an additional rear commercial space with a private courtyard, creating a versatile configuration for retail, dining, specialty services, and other permitted commercial uses. The combination of street-facing exposure and courtyard space provides flexibility for a variety of potential business concepts. Surrounded by popular restaurants, boutique retailers, specialty shops, and the picturesque waterfront of Newport Harbor, this unique property benefits from a steady mix of local residents, seasonal visitors, and tourists who frequent Balboa Island throughout the year. Marine Avenue's pedestrian-friendly atmosphere, charming village character, and limited commercial inventory make it one of Newport Beach's most recognizable destinations. With commercial ownership opportunities on Balboa Island seldom available, this offering represents a compelling opportunity for investors seeking a long-term coastal asset, business owners looking to establish a presence in a prestigious Newport Beach location, and investors interested in positioning capital in an A+ asset location delivering appreciation coupled with the security of 3 successful tenants and proven businesses. Prime location. Limited supply. Exceptional long-term potential. Discover the opportunity to own a piece of Balboa Island's intimate and celebrated Marine Avenue commercial corridor. 327 Marine Avenue - Jasper: 326 SF 329 Marine Avenue - Lukes: 365 SF 331 Marine Avenue - Sundance: 787 SF Total Interior Space: 1,478 SF Rear Courtyard: 800 SF Total SF of Lot: 3,000 SF - 40’ Wide x 75’