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$ 1,750,000
Est. payment /mo
Pending
2648 Newport Boulevard Costa Mesa, CA 92627
3,736 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Pending
Purchase Type For Sale
Square Footage 3,736 sqft
Price per Sqft $468
MLS Listing ID CROC25030847
HOA Y/N No
Lot Size 0.455 Acres
Acres 0.46
Property Sub-Type Comm Ind For Sale
Property Description
Perfect for your 1031 Client! Wonderful opportunity to own a large lot on a prime Eastside Costa Mesa with Two month-to-month tenants making it easy to shift gears when you have applied for zone change and when you are ready to build! Undermarket but vary Stable rent roll, minimal expenses while you decide what to do with this property. Wonderful opportunity to develop or hold a rare piece of land in Eastside Costa Mesa with simple month-to-month tenancy in place. Lot is zoned C-1, but Residential or Mixed Use zoning is viable if one is to propose a General Plans Amendment, Rezone, and Specific Plans. In 2020, a 9-unit condo passed the General Plan Screening* at the city council - does not equal to entitlement or being shovel ready. All plans have since expired and one would need to bring plans and proposals up to current requirements and code. Please note, it would take 6 months to 3 years to get the entitlements and be shovel ready as each proposal is different. Expired plans can be included in the sale of the property. This is an AS-IS purchase. *General Plan Screening is a precondition to the entitlement process; the City Council determined the proposal may proceed through the entitlement process. Staff believed the proposed development would provide an opportunity to improve
Location
State CA
County Orange
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 43908107
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Listed by Chris Lee • Berkshire Hathaway HomeService