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4248 Martingale Way

Newport Beach, CA 92660
  • $5,250,000
  • STATUS: Closed
  • ON SITE: 708 Days
  • MLS #: OC20033783
Sold - 01/18/2022
$5,250,000
SOLD - 01/18/2022
  • 0
    BEDS
  • 0.69
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,000
    SQFT
  • $750
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1974
County:

School Ratings & Info

Listing Agent(s): John Gessford of First Team Estates (949-759-5747) and Kim Schumacher of ()


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.

Sold by Vardkes Bazikian of Imperial Realty Co..

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-23T15:26:15.757. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/103264947
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4248 Martingale Way Newport Beach, CA 92660

  • Price: $5,775,000
  • Status: Closed
  • On Site: 708 Days
  • Updated: 41 min ago
  • MLS #: OC20033783
0
Beds
0
Baths
0
½ Baths
0.69
Acres
7,000
SQFT
$750
$/SQFT
1974
Built
Neighborhood:
699 - Not Defined
County:
Orange
Area:
699 - Not Defined
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.
Exterior Features

Lot Features 0-1 Unit/Acre

Interior Features

Heating Heat Pump Heating YN Yes

Property Features

Additional Parcels YN No Buyer Financing Cash To Loan Common Interest None Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Terms CashCash To New Loan1031 Exchange Property Sub Type Retail Special Listing Conditions Standard Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-23T15:26:15.757. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): John Gessford of First Team Estates (949-759-5747) and Kim Schumacher of ()