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$ 3,950,000
Est. payment /mo
New
2302 Newport BLVD Costa Mesa, CA 92627
0.41 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID NP26226005
HOA Y/N No
Lot Size 0.410 Acres
Lot Dimensions Public Records
Property Sub-Type Mixed Use
Property Description
Prime Eastside Costa Mesa Commercial Land | Income-Producing Investment & Redevelopment Opportunity- An exceptional opportunity to acquire approximately 17,860 square feet (±0.41 acres) of commercially zoned land along Newport Boulevard, one of Eastside Costa Mesa's most prominent commercial corridors.
Strategically positioned just minutes from Newport Beach, the 55 Freeway, The Triangle, South Coast Plaza, and John Wayne Airport, the property offers excellent regional connectivity, prominent street frontage, and convenient access to some of Orange County's most desirable coastal communities.
Currently improved with the long-established Feed Barn, the property carries C1 (Local Business) zoning and presents multiple potential investment strategies, including continued commercial use, repositioning, or future redevelopment.
Importantly, the parcel is situated within Costa Mesa's voter-approved Measure K corridor, creating additional potential for residential or mixed-use development, subject to applicable zoning requirements, entitlements, and City approvals.
Immediate Income with Long-Term Upside: The existing occupant offers the opportunity for continued occupancy for up to 24 months at $10,000 per month ($120,000 annually), providing interim income while a purchaser evaluates development concepts, pursues entitlements, or prepares for future improvements.
Offered at approximately $223.68 per square foot of land, the property represents a compelling opportunity to acquire a substantial parcel in a highly desirable coastal Orange County location.
Strategically positioned just minutes from Newport Beach, the 55 Freeway, The Triangle, South Coast Plaza, and John Wayne Airport, the property offers excellent regional connectivity, prominent street frontage, and convenient access to some of Orange County's most desirable coastal communities.
Currently improved with the long-established Feed Barn, the property carries C1 (Local Business) zoning and presents multiple potential investment strategies, including continued commercial use, repositioning, or future redevelopment.
Importantly, the parcel is situated within Costa Mesa's voter-approved Measure K corridor, creating additional potential for residential or mixed-use development, subject to applicable zoning requirements, entitlements, and City approvals.
Immediate Income with Long-Term Upside: The existing occupant offers the opportunity for continued occupancy for up to 24 months at $10,000 per month ($120,000 annually), providing interim income while a purchaser evaluates development concepts, pursues entitlements, or prepares for future improvements.
Offered at approximately $223.68 per square foot of land, the property represents a compelling opportunity to acquire a substantial parcel in a highly desirable coastal Orange County location.
Location
State CA
County Orange
Area C5 - East Costa Mesa
Zoning C1
Interior
Heating None
Cooling None
Fireplace No
Laundry None
Exterior
Fence Block, New Condition, Wrought Iron
Utilities Available Electricity Available, Natural Gas Available, Water Available
Roof Type Shingle
Building
Lot Description 0-1 Unit/Acre, Flag Lot, Near Public Transit, Rectangular Lot
Story 1
Water Public
Others
Tax ID 43927101
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Stephanie Peterson Arbor Real Estate 949-400-1717, DRE #01984954