Retail Space - For Sale
3rd Street Promenade Santa Monica, CA 90401
Details & Description
Price: $499,000
  • Property Type Retail for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 2,200
  • Building Price per Sq Ft $226.82
PROPERTY DESCRIPTIONRESTAURANT FOR SALESIZE: Approximately 2,200 square feetASKING PRICE: $499,000CURRENT RENT: $19,000 per month including NNNLEASE: Approximately 1.5 years left with a 5 year option (Buyer can negotiate for extension of lease or new lease)PARKING: Metered street parking and city lotsAVAILABLE: ImmediatelyGROSS SALES: $1,800,000Location, location, location! One block from the beach and close to 3rd Street Promenade, shopping and nightlife, this restaurant has been a long-standing fixure in downtown Santa Monica.• Front of the house restaurant brilliantly designed• Fully equipped kitchen with grease trap• 17 foot hood• Walk in refrigerator and walk in freezer• Type 47 ABC license• Heavy foot and auto counts in high income area
Additional Photos
Listing Agents
John Moudakis

O: 310-395-2663
johnm@parcommercial.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

3rd Street Promenade

Santa Monica, CA 90401

Listing ID: 147709
$499,000
For Sale
  • Property Type Retail for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 2,200
  • Building Price per Sq Ft $226.82
  • 3rd Street Promenade Santa Monica, CA 90401 | for Sale | Photo 1
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Description
PROPERTY DESCRIPTION
RESTAURANT FOR SALE
SIZE: Approximately 2,200 square feet
ASKING PRICE: $499,000
CURRENT RENT: $19,000 per month including NNN
LEASE: Approximately 1.5 years left with a 5 year option (Buyer can negotiate for extension of lease or new lease)
PARKING: Metered street parking and city lots
AVAILABLE: Immediately
GROSS SALES: $1,800,000

Location, location, location! One block from the beach and close to 3rd Street Promenade, shopping and nightlife, this restaurant has been a long-standing fixure in downtown Santa Monica.

• Front of the house restaurant brilliantly designed
• Fully equipped kitchen with grease trap
• 17 foot hood
• Walk in refrigerator and walk in freezer
• Type 47 ABC license
• Heavy foot and auto counts in high income area
Attachments & Files
Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Los Angeles History of Retail Space for Sale

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Santa Monica Area Market Trends

Listing Demographics for 3rd Street Promenade Santa Monica, CA 90401

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population30,374160,833389,277
Population Median Age424139
Population by Age0-9 Yrs2077 (6%)14527 (9%)33604 (8%)
10-19 Yrs1284 (4%)12277 (7%)35102 (9%)
20-29 Yrs5772 (19%)26060 (16%)75366 (19%)
30-39 Yrs6701 (22%)30377 (18%)70656 (18%)
40-49 Yrs4711 (15%)23238 (14%)52516 (13%)
50-59 Yrs3158 (10%)19686 (12%)44427 (11%)
60-69 Yrs3127 (10%)17416 (10%)39018 (10%)
70+ Yrs3543 (11%)17252 (10%)38589 (9%)
Median HH Income$87,836$95,487$91,327
Total Household Income< 24K3471 (20%)12125 (15%)28156 (16%)
25-49K2238 (12%)9930 (12%)23841 (13%)
50-74K1924 (11%)9415 (12%)22540 (12%)
75-99K1912 (11%)8580 (11%)20265 (11%)
100-199K4915 (28%)20695 (26%)46100 (26%)
200K+2768 (16%)16259 (21%)34644 (19%)
Highest Education LevelNo Diploma972680417932
Diploma or GED18761026923579
Some College34451784942779
Assoc. Degree1249599414124
Bachelors Degree1071649285106897
Higher Degree71963558282577
Total Housing Units19,96385,718192,729
--Owner-Occupied2,50925,34560,798
--Renter-Occupied14,71851,658114,747
Owner-Occupied Values< 100K184671006
100-199K0212515
200-299K4251607
300-399K19331703
400-499K895931843
500K+23792349256125
Total Working Age Population27,565138,362338,387
In Work Force19,84799,263234,191
Not In Work Force7,71939,100104,196
Workforce Employed18,49093,196220,408
Workforce Unemployed1,3576,03313,717
Civlian Workforce19,84799,229234,125
Military Workforce03466
Total Households17,22877,004175,545
Family Households5,21333,02376,608
Non-Family Households12,01443,98198,938
Married Couple4,08525,57659,258
Other Family1,1287,44717,350
Married w/Child1,3099,88022,784
Single Male w/Child1871,1212,152
Single Female w/Child3042,4385,218

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
California33,871,648+1037,253,956+940,467,295+843,631,295
Los Angeles County9,519,338+39,818,605+610,369,367+410,759,850

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Closest Commercial Airports
Airport Distance (mi)
Los Angeles International Airport (LAX) 7
John Wayne Airport-Orange County Airport (SNA) 43
Ontario International Airport (ONT) 51
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