Fantastic Fixer-Upper Opportunity! Unlock the Potential and Reap the Rewards! Presenting a remarkable mixed-use property in the highly sought-after location of prime Newport Beach. This iconic property offers a unique blend of residential and commercial spaces, allowing for endless possibilities. The downstairs features office or retail space spans 969 square feet, complete with a full bath, kitchen facilities, and an enclosed garage. This versatile area is perfect for your work or retail needs. Above this, you'll find a luxurious 3 bedroom, 2 bath living space. Cozy up by the fireplace in the welcoming ambiance of this residence, which also features a convenient laundry room and a 2 car tandem garage. With 1541 square feet, this level leads to a spacious sundeck, where you can bask in the refreshing ocean breezes. The sundeck serves as a popular gathering spot, creating an ideal setting for entertaining guests. Ideally situated on the Balboa Peninsula within the prestigious Cannery Village, this property is within walking distance to the renowned Lido House Hotel and Lido Marina Village. The surrounding area is brimming with exquisite dining options, upscale residences, stunning beaches, and a vibrant harbor. Additionally, you'll find numerous new developments and the prestigiou