701 E Balboa Blvd — Lease in Newport Beach, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Newport Beach, CA 92661
  • Size: 1,280 SF

Description

1,280 SF Available. Restaurant use would require a conversion. Desirable location just steps from Balboa Pier and Balboa Island Ferry and Fun Zone. Walking distance to sandy beaches, restaurants, shops, and recreational activities.

Market Context

This retail in Newport Beach, CA is listed for lease across 1,280 SF. It has been on the market for 54 days. Compare it against other retail listings for lease in Newport Beach, CA — view the full market.

As of Q1 2026, the Orange County retail market showed a 3.9% vacancy rate, average asking rents near $31.20/SF/yr, and cap rates around 5.4%. Source: multiple brokerage reports, Q1 2026.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in Orange County?
About 5.4% as of Q1 2026, per multiple brokerage reports.
Is the Orange County retail market tightening or softening?
Vacancy is around 3.9% (Q1 2026).

Estimated Market Rate

$2.21/SF/mo – $2.99/SF/mo

Mid: $2.60/SF/mo

Estimated total for 1,280 SF: $3,328 per month

Rate estimator only; cost-of-business estimate unavailable.

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