Newport Beach, CA - 6700 W Coast Hwy

Description:

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a rare, value-add, multi-tenant retail and mixed use investment opportunity located along Pacific Coast Highway in Newport Beach, California (Orange County). The offering consists of two retail buildings totaling approximately 6,115 square feet, including an Italian restaurant and a wine and spirits store, along with a second-floor one-bedroom, one-bath residential apartment located above the wine and spirits store. With both retail tenants approaching expiration, the property provides investors with a rare value-add opportunity to immediately reposition the asset through lease-up at projected market rental rates while tailoring the tenant mix to maximize long-term value. This offering represents a generational opportunity to acquire an irreplaceable coastal asset in world-famous Newport Beach, one of Southern California’s most affluent and supply-constrained retail markets, characterized by exceptionally high barriers to new development.

Strategically positioned along Pacific Coast Highway (State Highway 1), the primary coastal thoroughfare serving Newport Beach and the surrounding trade area, the property benefits from approximately 65,000 vehicles passing the site daily, prominent street frontage, and outstanding visibility at the signalized intersection of Pacific Coast Highway and Orange Street. The asset is situated less than two miles from the iconic Newport Beach Pier and provides convenient access to Newport Boulevard (89,000 VPD), connecting the property to the greater Orange County and Los Angeles metropolitan areas. In addition, the property is just 1.5 miles from Hoag Hospital Newport Beach (443 beds), Orange County’s highest-ranked hospital by U.S. News & World Report for nine consecutive years and the only Orange County hospital ranked among California’s Top 10 hospitals. The site is positioned near the Balboa Peninsula and Lido Isle, two of Orange County’s most desirable and affluent coastal communities. Lido Isle boasts a median home price of approximately $7.75 million, while the average household net worth exceeds $5.4 million. The Balboa Peninsula attracts approximately 7.3 million visitors annually, providing a steady influx of tourists and consumers while reinforcing Newport Beach’s position as one of Southern California’s premier coastal destinations. The site also benefits from nearby access to John Wayne Airport, which serves more than 11.3 million passengers annually and provides convenient access to destinations throughout the United States and beyond. The property is just minutes from Fashion Island, one of Southern California’s premier luxury shopping, dining, and entertainment destinations featuring more than 150 upscale retailers and restaurants. Located in the heart of Orange County, the 5-mile subject trade area is supported by more than 253,000 residents and 134,000 daytime employees. Residents within a 1-mile radius boast extremely affluent average household incomes of more than $196,000.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000003OGGPYA4