$5,250,000
$5,775,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
4248 Martingale WAY Newport Beach, CA 92660
7,000 SqFt
Key Details
Sold Price $5,250,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $750
MLS Listing ID OC20033783
Sold Date 01/18/22
HOA Y/N No
Year Built 1974
Lot Size 0.690 Acres
Acres 0.69
Property Description
This is an incredible opportunity to acquire the fee simple interest in a free-standing restaurant property located at 4241 MacArthur Blvd, Newport Beach, CA. The 7,000 SF property is currently occupied by the restaurant Saagar Fine Cuisine of India who will be vacating at the close of escrow. The offering includes the real property, all existing furniture, fixtures, and equipment, which greatly minimizes expenses for a restaurant user. The Seller has a type 47 liquor license which is available for purchase at market price. Request offering memorandum from broker.
Location
State CA
County Orange
Area 699 - Not Defined
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Heat Pump
Fireplace No
Laundry None
Building
Lot Description 0-1 Unit/Acre
Story 1
Water Public
Others
Tax ID 42718108
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Vardkes Bazikian • Imperial Realty Co.