204 Riverside Newport Beach
Coastal Commercial is pleased to present 204 Riverside Avenue, a rare single-tenant NNN investment opportunity located in the heart of Newport Beach. The approximately ±1,900 SF retail property is positioned within one of Southern California’s most affluent and supply-constrained coastal markets, offering investors stable income, passive ownership, and long-term appreciation potential.
Strategically located near Newport Harbor and surrounded by affluent residential neighborhoods, premier dining, retail amenities, and coastal attractions, the property benefits from strong pedestrian activity and exceptional demographics. The single-tenant NNN lease structure minimizes landlord responsibilities while providing an attractive investment opportunity
for both private and institutional buyers.
204 Riverside Avenue represents one of a few rare opportunities in Newport Beach priced under $5 million, creating a rare entry point into a highly sought-after coastal investment market. Positioned along the rapidly transforming Mariners’ Mile corridor, the property stands to benefit from significant ongoing revitalization efforts, including upgraded retail frontages, mixed-use redevelopment projects, and enhanced waterfront amenities that continue to elevate the area’s appeal as a premier retail and dining destination.
As the only owner-user sized opportunity currently available on Mariners’ Mile, the asset offers exceptional flexibility for investors and future occupants alike. Coupled with Newport Beach’s limited retail inventory, strong barriers to entry, and continued demand for coastal commercial real estate, 204 Riverside Avenue presents a compelling opportunity to acquire a well-located asset with
durable long-term fundamentals and meaningful upside potential.
Investment Sale Details
List Price
$2,595,000
Square Feet (GLA)
1,900
Current Cap Rate
4%
- MARINERS’ MILE REVITALIZATION - Major redevelopment and retail frontage renovations are transforming the iconic Mariners’ Mile corridor, with multiple upgraded mixed-use and waterfront commercial projects enhancing the area’s dining, retail, and pedestrian experience throughout Newport Beach.
- SINGLE-TENANT NNN INVESTMENT - Approximately ±1,900 SF single-tenant retail asset providing passive income with minimal landlord responsibilities.
- RARE UNDER $5 MILLION SINGLE-TENANT OPPORTUNITY - One of a few rare single-tenant retail investment opportunities in the Newport Beach market priced under $5 million, offering investors a rare entry point into a highly sought-after coastal trade area.
- ABUNDANT PUBLIC PARKING - Benefit from abundant nearby city/public parking in addition to two (2) dedicated on-site parking spaces, providing convenient access for customers and tenants in a high-demand coastal market.
- PRIME NEWPORT BEACH LOCATION - Situated in the heart of Newport Beach near Newport Harbor, surrounded by affluent residential neighborhoods, dining, retail, and coastal attractions.
- HIGH BARRIER-TO-ENTRY MARKET - Located in one of Southern California’s most supply-constrained coastal submarkets with strong long-term appreciation potential.
- AFFLUENT COASTAL DEMOGRAPHICS - High-income coastal trade area with ~$189K+ median household income, 50%+ of households earning $150K+, and a strong concentration of executives, business owners, and high-net-worth residents in one of Orange County’s wealthiest submarkets.
- WALKABLE RETAIL ENVIRONMENT - Walk Score of 87 (“Very Walkable”) Strong pedestrian connectivity to Mariners Mile, Pacific Coast Highway retail, and waterfront amenities. Surrounded by nearby restaurants, retail, and coastal attractions that enhance walkability.