Photos
About
Details
Nearby major retailers
Listed by
Payment calculator
Lot details
Neighborhood
Price history
Similar commercial for sale
Recently sold commercial
Recently sold properties
Similar properties for sale
Request more info
FAQ
Map View
501 Park Ave Newport Beach, CA, 92662
$5,950,000 Commercial for sale Comm Ind For Sale
THE PROPERTY: Welcome to your slice of paradise on Balboa Island in Newport Beach! This exquisite property offers an unparalleled opportunity to own a top-performing restaurant with two stunning apartments above, all completely rebuilt to perfection in 2015. THE RESTAURANT: Step into the heart of culinary excellence as you enter the spacious and inviting restaurant and bar area. Bathed in natural light pouring through large windows, this space exudes warmth and charm. With ample room for indoor and outdoor seating and a meticulously designed kitchen equipped with top-of-the-line appliances, it’s a dream canvas for creativity. THE LOCATION Situated in the heart of Balboa Island, this property enjoys a prime location in one of Newport Beach’s most coveted neighborhoods. Surrounded by quaint shops, charming cafes, and scenic waterfront vistas, residents and visitors alike are drawn to the vibrant energy and unparalleled beauty of this coastal community. With easy access to the Balboa Island Ferry, nearby beaches, and an array of recreational activities, the possibilities for adventure and relaxation are endless.
Read more
Property details
5,080 sqft interior area
Land area
5,100 sqft (0.12 acres)
Days on Verhouse
14
Address
501 Park Ave, Newport Beach, CA, 92662
City of California
Newport Beach
County
Orange
Year Built
2015
District
Listing
Nearby major retailers
Trader Joe's
Albertsons
T-Mobile
Supermarket: 5
Mobile phone: 1
Show more
Listed by
Kevin Bayless, Bayless Real Estate
Name
Kevin Bayless
License number
01788899
Brokerage company
Bayless Real Estate
MLS #
CROC24091109
Payment calculator
Calculate your monthly payments
Mortgage
$18,268
Taxes
$0
HOA dues
$0
Mortgage
$1,190,000 / 20%
2.28%
30 years
Your amount
$18,268 / month
Lot details
TMK #05005235
Parcel nr.
05005235
92662 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data
People living in 92662
35%
Families with children
National average: 39%
44%
Non family households
148,742
Population
$202,172
Average Income
Age & gender
Median age 46 years
More info
Commute types
86% commute by car
More info
Education level
35% have bachelor education
More info
Number of employees
3% work in finance
More info
Vehicles available
42% have 2 vehicle
More info
Vehicles by gender
42% have 2 vehicle
More info
Housing market insights for
$4.09m
Neighborhood average
sales price*
sales price*
$3.16m
Neighborhood median
sales price*
sales price*
424
Number
of sales*
of sales*
Housing type
43% are single detacheds
More info
Rooms
38% of the houses have 4 or 5 rooms
More info
Bedrooms
60% have 2 or 3 bedrooms
More info
Owners vs Renters
53% are owners
More info
14.17 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
New Listing May 6, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| May 6, 2024 | New Listing | $5,950,000 | 0 | MLS #CROC24091109 |
| May 6, 2024 | New Listing | $5,950,000 | 1171.26 | MLS #CROC24090681 |
Similar commercial for sale
Similar homes nearby 501 Park Ave for sale
Recently sold commercial
Recently sold properties
Similar properties for sale
Request more info
By pressing SEND, you agree that Verhouse and real estate professionals may call/text you about your inquiry, which may involve use of automated means and prerecorded/artificial voices. You don’t need to consent as a condition of buying any property, goods or services. Message/data rates may apply. You also agree to our Terms of Use. Verhouse does not endorse any real estate professionals.
Frequently Asked Questions about 501 Park Ave
What is 501 Park Ave?
501 Park Ave is a Commercial/Industrial propertywith 5,080 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
501 Park Ave, Newport Beach, CA, 92662.
What comparable properties are nearby?
Comparable nearby commercial properties include 3545 E Coast Hwy, 507 29th St, 164 Walnut St, 1762 Kenwood Pl, 383 W Wilson St, 1012 1018 Mission Dr.
Based on information from the bridgeMLS as of 05-19-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: May 11, 2024
Verhouse Last checked 2 minutes ago
The closest grocery stores are Pavilions 2235, 0.43 miles away and Albertsons, 1.57 miles away.
The 92662 zip area has a population of 148,742, and 35% of the families have children. The median age is 46.89 years and 86% commute by car. The most popular housing type is "single detached" and 53% is owner.
