Property Detail

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.