We are pleased to present the opportunity to purchase 471 Old Newport Blvd. Ideally located in Newport Beach, CA this 3 story Class B low rise office building is perfect for an investor looking for a trophy asset or for an owner user who wishes to occupy a portion of the building while generating income from the other tenants. 471 Old Newport Blvd has existing in place rents that are more than 50% below current market on short terms leases offering an investor immense possibilities. This asset offers tremendous upside as a new multi-tenant office project or occupancy by a single tenant/owner user. The irreplaceable location offers close proximity to Hoag Hospital, Fashion Island, Pacific Coast Highway, and all the amenities 17th Street has to offer.
Based on information from California Regional Multiple Listing Service, Inc. as of March 20, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.