111 Palm Street
111 Palm Street
Description
Introducing a rare opportunity to lease one of Southern California's most coveted restaurant spaces, nestled in the heart of Newport Beach's picturesque peninsula. Boasting an enviable location right by the ferry landing leading to the iconic Balboa Island, this 5,388 square foot gem sits proudly on a prime corner, offering unparalleled visibility at a bustling intersection. Plenty of parking with a city parking lot next door ensures convenience for...BEST LOCATION IN SOUTHERN CALIFORNIA BEACH AREA
Introducing a rare opportunity to lease one of Southern California's most coveted restaurant spaces, nestled in the heart of Newport Beach's picturesque peninsula. Boasting an enviable location right by the ferry landing leading to the iconic Balboa Island, this 5,388 square foot gem sits proudly on a prime corner, offering unparalleled visibility at a bustling intersection. Plenty of parking with a city parking lot next door ensures convenience for patrons of this establishment. Elegantly designed with new windows illuminating the main dining area and efficient LED lighting throughout, this establishment exudes potential sophistication and charm. Equipped with Direct TV hookups, 9 floor sinks in the kitchen, and 2 additional floor drains in the storage/office area, every detail has been meticulously crafted to elevate the dining experience. In a commitment to providing optimal comfort, the property owner will be installing a brand-new HVAC system for the fortunate new operator. Safety is paramount with a full fire suppression system and stainless steel hood in the kitchen, ensuring peace of mind in every culinary endeavor. A boon for efficiency, a convenient large "walk-in" with beer lines to the bar area streamlines operations, while the bar area itself features 4 floor drains for added convenience. Storage is ample with two dry storage areas and an additional office space, complemented by a roll-up door for seamless deliveries. Outdoor dining takes center stage with a spacious patio area, offered exclusively to the restaurant operator and complete with gas line and electrical connections. Men's and women's restrooms are thoughtfully installed for guest convenience. Powering the establishment are three panels providing generous amperage, including 200 amps, 225 amps, and 200 amps respectively, ensuring ample electrical capacity to meet any operational demand. Completing this extraordinary opportunity is the inclusion of an additional office (possible residential apartment w/Site Development Review) located upstairs, offering versatility and potential for further revenue streams. With its unbeatable proximity- a mere 1500 feet to the Balboa Island Ferry launch and just 500 feet to the beach- this location epitomizes the epitome of a successful restaurant venture. Don't miss out on this rare chance to make your mark in one of Southern California's most coveted culinary destinations.
- Listed by Wendy Chiri • DRE #01744064 • Brokerage DRE #01481919 • Coldwell Banker West
- Listed by Jeff Kane • DRE #01915649 • Brokerage DRE #01481919 • Coldwell Banker West
Property Details for 111 Palm Street
Location
Property Details for 111 Palm Street
| Status | Active |
|---|---|
| MLS # | ND24071606 |
| Days on Market | 21 |
| Rental Incentives | - |
| Available Date | - |
| Lease Term | - |
| Furnished | - |
| Compass Type | Mixed Use |
| MLS Type | Commercial Lease / Mixed Use |
| Year Built | - |
| Lot Size | 0.12 AC / 5,227 SF |
| County | Orange County |
Listing Agent
Wendy Chiri
Coldwell Banker West
WendyChiri@gmail.comP: 949.689.5756
M: 949.689.5756
DRE #01744064
Brokerage DRE #01481919
Contact Agent(s)
Location
Building Information for 111 Palm Street
Property Information for 111 Palm Street
- Rent Max: $35
- Rent Min: $28
- Lot Features: 0-1 Unit/Acre
- Divisible SQFT: 0
- Leasable Area: 5388
- Water Source: Public
Property History for 111 Palm Street
| Date | Event & Source | Price | Appreciation |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 111 Palm Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Newport Elementary School PublicK to 6 | ||
Horace Ensign Intermediate School Public7 to 8 | ||
Newport Harbor High School Public9 to 12 | ||
Back Bay High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Coldwell Banker West, Wendy Chiri, DRE #01744064; Coldwell Banker West, Jeff Kane, DRE #01915649
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.