Available For Sale - Industrial , Retail

2,813 SF | Show Pricing $

AVAILABILITY DETAILS

Size
2,813 SF
Price/SF
Show Pricing $
Listing ID
SA415992
Notes
Property Details

Price $1,999,000

No. Unit 0

Building Size 2,813 SF

Total Lot Size 0.06 AC

Property Type Hospitality

No. Stories 2

Building Class C

Year Built 1925

Tax ID/APN 050-043-25

Status Active



Sale Notes

A Historic Landmark "The Balboa Island Hotel" Built-in 1925, by its first owner a local Portuguese fisherman. In the early days, some of the Hollywood studios

would rent the entire hotel for the movie stars to stay in while a movie was being made. At that time it had 7 rooms upstairs and a duplex in the back. Over the

years the last owner Suzie converted the seven rooms into 4 bedrooms and 2 bathrooms on the second floor and 2 bed 2 baths on the first floor. With over 90

years of history "if walls could talk" we are looking for a new buyer with a vision for this iconic Balboa Island Hotel. Plenty of opportunities to restore the

business and make a profit. The duplex in the back was brought over the bridge and onto the Island in 1934. It currently has a Studio leased at $1150 and the 1

bedroom for $1650 a month. The Hotel is located on the same street as the Balboa Island Ferry. Walk to breakfast, lunch, or dinner "501 Park Ave" restaurant

also located across the street, and shop at the local market and deli located next to the Ferry, or cross over and spend the day at the Beach in Newport. There

is a park with basketball hoops just steps from the Hotel and a very short walk to beaches on the north bayfront and south bayfront. The Balboa Island Hotel

needs some love to bring it back to life. A wonderful opportunity for you or someone you know. Priced to sell!





Highlights

The Only Hotel on Balboa Island! Walk to the

Ferry, Bike to the Beach and a duplex in the

back of the Hotel for extra Income!!
Uses
Industrial
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Josh Salik, Salik Real Estate & Development