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28838794
28838823

3000 Newport Blvd, Newport Beach, CA 92663

Arbor Real Estate
Listed by Arbor Real Estate
$2,995,000
178 days on market
Updated 178 days ago

3000 - 3002 Newport Blvd.

Details
APN 93284093
Property Type Mixed Use, Office (+1)
Sub Type Grocery Store, Restaurant (+1)
Square Footage 2,000
Net Rentable (SqFt) 2,000
Units 2
Cap Rate 4.81%
NOI $144,000
Occupancy 50%
Tenancy Multi
Lease Term 1.5
Lease Expiration 06/30/2026
Remaining Term 0.1
Rent Bumps Yes
Pro-Forma Cap Rate 4.81%
Pro-Forma NOI $144,000
Price per SqFt $1,498
Year Built 2001
Buildings 1
Stories 1
Lot Size (SqFt) 6,230
Parking Spaces 8 spaces
Parking Per SqFt 4.00
Investment Type Owner/User
Lease Commencement 01/01/2025
Occupancy Date 01/01/2025
Ground Lease No

Mixed Use | 4.81% CAP | 2,000 SqFt

Marketing description

Offering 3000-3002 Newport Blvd. Prime mixed-use 2-unit commercial property with 8 dedicated parking spaces — an extremely rare amenity in this high-visibility Newport Beach corridor where most parking is paid or limited. Both units offer stable income with existing leases in place, providing immediate investment security and flexibility.

Unit 1 consists of approximately 1,400 SF of retail/office space, formerly Porrovita Juice Shop, with abundant natural light and excellent street presence. This space is currently leased but vacant, giving a buyer the opportunity to customize for their own concept, renegotiate terms with the existing tenant, or secure a new operator depending on long-term vision. Perfect for café, wellness, boutique retail, showroom, professional services, or creative office use.

Unit 2 is currently leased to Racked Gym, a strong local operator with consistent traffic, and the tenant is open to staying long-term under a new owner or vacating to accommodate an owner-user.

This property is competitively priced with compelling pro forma cap rate potential, strong signage visibility, and a highly desirable coastal location with constant foot and vehicle traffic. An exceptional opportunity for investors seeking stabilized income, owner-operators wanting a flagship Newport Beach location with parking, or a value-add buyer looking to maximize rents, re-tenant, or reconfigure space.

A standout commercial asset in one of Orange County’s most sought-after mixed-use zones.

Listing Contacts

Arbor Real Estate
Listed by Arbor Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$144,000.00
$12,000.00/mo

Valuation Metrics

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DSCR
4.81%
Cap Rate
4.81%
ROI

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Additional Information

Name
Marc Viscomi
License
02190394
Brokerage
Arbor Real Estate
Brokerage Phone
9493741253
Title
Broker of Record
Brokerage Address
425 30th St Suit 1 Newport Beach CA 92663
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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