111 Palm Street, Newport Beach

Newport Beach Home For Sale

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.