$2,680,000
$2,895,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
2,178 Sqft Lot
SOLD DATE : 08/15/2024
Key Details
Sold Price $2,680,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID LG24116980
Sold Date 08/15/24
HOA Y/N No
Year Built 1948
Lot Size 2,178 Sqft
Property Description
This multi-unit mixed use property is now available for purchase with nothing else like it on the market. Location, location, location! 308 Marine benefits from high customer foot traffic from locals and tourists alike visiting the iconic Balboa Island and famous shops like Dad's Donuts and Sugar 'n Spice Original Frozen Banana located next door. Located on the first block of Marine Avenue and seen by visitors as they come onto the island, 308 Marine boasts 30 feet of store frontage. With tons of curb appeal, one retail unit faces Marine Avenue with a quaint courtyard leading to two additional retail units. Upstairs there are two remodeled studio apartments with shared balcony. The property also has two single car garages currently being used as retail storage.
Location
State CA
County Orange
Area N9 - Lower Newport Bay - Balboa Island
Rooms
Other Rooms Living Quarters
Interior
Heating Radiant, See Remarks
Cooling None
Fireplace No
Laundry Stacked, Upper Level
Exterior
Fence Wood
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Waterfront Description Across the Road from Lake/Ocean,Ocean Side Of Highway
Roof Type Composition
Present Use Commercial,Investment,Residential
Building
Lot Description Rectangular Lot, Street Level
Story 1
Water Public
Additional Building Living Quarters
Others
Tax ID 05015115
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Maura Short • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "