418 31st Street
418 31st Street
418 31st Street
418 31st Street
418 31st Street
418 31st Street
418 31st Street
418 31st Street
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$3,280,000

418 31st Street

4,158 Sq.Ft.

Description

Charming building on a rare double lot (60’ wide) in Cannery Village near the newly redeveloped Lido Marina Village, Lido House Hotel, beaches and bay. This existing commercial building includes eleven leased tenant spaces with long-term tenants. Rents are low with better cash flow potential than most other income opportunities on the Peninsula, including 2-4 unit apartment buildings. Additionally, site zoning is MU-CV/15th St which may permit other redevelopment uses such as new residential, mixed use residential and non-residential commercial uses. As an interior parcel, this site offers other benefits over corner lots in the Village should it be redeveloped. Properties of this type rarely come to market making this an amazing Cannery Village opportunity.

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Location

418 31st Street, Newport Beach, CA 92663

Status

Sold

Property Amenities

Interior
Laundry room None
Area & Lot
Lot Area 5,580 Sq.Ft.
Living area 4,158 Sq.Ft.
MLS® ID NP21102503
Year Built 1956
Type Commercial
Status Sold
Exterior
Stories 1
Water Source Public
Lot Features Level, Rectangular Lot, Street Level, Zero Lot Line
Roof Flat, Rolled/Hot Mop
Utilities Electricity Connected, Sewer Connected
Finance
Sales Price $3,280,000

Work With Us

We work closely with each client we represents. Our approach is one of collaboration, with our highest priority being to meet our client’s goals. When we first connect, we learn what you want to accomplish and we stay in cadence until that happens.