PRICE REDUCED $1.5M!! Once in a lifetime, generational opportunity to acquire a unique mixed-use property centrally located on the Balboa Peninsula. Situated on an approximate 10,000 SF bayfront lot (50 x 200) with 50 feet of bayfront frontage, the property features two separate buildings, each with their own commercial space and residential loft. The first building features a modern industrial feel and consists of 2 bedrooms, 2 bathrooms, and a single car garage. The commercial space below features bright windows, private bathroom, and would make a perfect office. The second building carries the same modern industrial feel and features an open commercial space with private bathroom and views of the bay. The upstairs residential loft features 2 bedrooms, 3 bathrooms, and high-end modern finishes. A 4-car garage, elevator, and rooftop deck overlooking the bay completes this one of a kind space. The property also has two boat slips that can accommodate an approximate 75 foot yacht and an approximate 80 foot yacht. A brand new metal roof was installed in 2024. These units are just steps away from some of the best beaches, dining, shopping and water activities that Newport Beach has to offer!