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307-309 Marine Ave
Balboa Island, CA 92662

Retail/Residential
5,373 sq ft; lot: 4356 sq ft
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Sold

Sold on Nov 16, 2018

Description

FABULOUS MIXED USE RETAIL/RESIDENTIAL BUILDING ON BEAUTIFUL BALBOA ISLAND. Undoubtedly the finest building on Balboa Island's Marine Ave. This outstanding building has five retail shops and three wonderful apartments with garages, on a rare double lot. It is within a block and half of the bay on both the north and south sides of the Island. Balboa Island is one of California's most visited beach communities with tourist coming from all over the country and is a year round tourist destination. Many of the rents are substantially below current market rate so there is room for an upside return. This is an extremely rare opportunity to purchase a mixed use property on Balboa Island

Features

  • Garage: 3 car
  • Heating/Cooling: Central
  • Utilities: all units seperately metered
  • Zoning: mixed
  • Sub Type: Retail/Residential

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Chuck Iverson,
Broker Associate
Coldwell Banker Previews

201 Marine Avenue
Balboa Island, CA 92662
 CA BRE# 01241096
Direct: 949-422-6657

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criverson@gmail.com
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