The Balboa Fun Zone located at 600 E.​ Bay Ave. in Newport Beach dates back to 1913. The property consists of a 34,412-square-foot site featuring 212 feet of waterfront space along Newport Harbor.

The Fun Zone property has not been actively marketed for sale in decades and its offering represents a once-in-a-generation investment opportunity, say brokers associated with the listing. The current below-market performance of the property relative to the surrounding strength of the location presents an upside opportunity for investment and development. ​

The property includes four components:

• A 16,666-square-foot retail and entertainment building (Fun Zone) which is 33.5 percent occupied
• A 21,400-square-foot Marina in need of reconfiguration
• The Edgewater Place boardwalk which includes the Balboa Ferris Wheel, three amusement park rides and space for future attractions
• A 58-stall subterranean parking garage

The Fun Zone is located within the Balboa Village neighborhood of the Newport Beach Peninsula within Newport Harbor, possibly the strongest trade area in Southern California.​ It is positioned at the landing for the Balboa Island Ferry and the Catalina Flyer.​

The city includes 89,000 residents with a corresponding 2020 average household income of $207,976, which is nearly twice the average for the state.​ The Newport Harbor retail trade area has a direct vacancy rate of just 1.8 percent and average rental rates of $54.96 per square foot annually on a NNN basis.​

Cushman & Wakefield of California Inc.​ is marketing the opportunity.