Blu Canoe

Market Price

323 Marine Avenue, Newport Beach, CA 92662

For Sale

Retail

Active

Last Updated: 03/14/2025

Details:

Building Size: 1,300 sqft

Lot Area: 0.05 sqft

Occupancy: 100%

Lease Type: Modified Gross

Year Built: 1930

Zoning: RSC-R

Tenancy: Single

Parking Spots: 3

Lease Expire Year: 02/28/2027

Offered by

Joseph Lising

Managing Director

Cushman & Wakefield

#01248258

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Highlights:

PREMIER LOCATION Nestled in the heart of Balboa Island’s retail district, benefiting from strong foot traffic and high visibility
HIGH DEMAND, LIMITED SUPPLY With very few commercial properties available, this opportunity stands out in an exclusive market
VERSATILE RETAIL SPACE Ideal for luxury retail, boutique concepts, or experiential brands looking to tap into the area’s affluent customer base
PROVEN LONG-TERM VALUE Balboa Island real estate has consistently demonstrated strong appreciation and resilience
DESTINATION SHOPPING EXPERIENCE A unique mix of local charm, coastal appeal, and steady visitor traffic makes this a prime retail environment

Description:

Cushman & Wakefield is pleased to present a prime retail investment opportunity in the heart of Balboa Island, one of Southern California’s most coveted coastal destinations. This highly visible property offers an exceptional storefront presence in a high-foot-traffic location, surrounded by boutique shops, upscale dining, and a steady flow of both affluent residents and year-round visitors.

Situated within Balboa Island’s iconic shopping district, this property benefits from limited retail supply and consistently high demand, making it a sought-after opportunity for investors or owner-users. Its versatile layout is well-suited for high-end retail, boutique shops, or experiential concepts that capitalize on the island’s charm and prestige. Steps from the waterfront, ferry access, and renowned local landmarks, the property enjoys a dynamic retail environment that blends local patronage with a strong tourism-driven customer base.

Balboa Island’s real estate market has long been recognized for its resilience and long-term appreciation. With historically strong fundamentals and a location that continues to draw interest from retailers and investors alike, this property represents a rare chance to secure a foothold in one of Orange County’s most exclusive retail corridors.

Link to OM: https://www.crexi.com/properties/1825832/california-blu-canoe