Retail Space
3rd Street Promenade Santa Monica, CA 90401
Details & Description
Price: $499,000
    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
    • 3rd Street Promenade Santa Monica, CA 90401 | for Sale | Photo 1
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    Building Size: 2,200 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $226.82
    Land $/SF:
    Price
    $499,000
    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.

    Common Questions and Answers

    What is the asking price for 3rd Street Promenade in Santa Monica?
    The asking price for 3rd Street Promenade is $499,000
    What is the building size of this Retail property in Santa Monica, CA?
    The size of the building/unit at 3rd Street Promenade in Santa Monica is 2,200 square feet
    What is the population within 1 mile of 3rd Street Promenade in Santa Monica?
    The population within 1 mile of 3rd Street Promenade Santa Monica, CA 90401 is 30,374 people.
    Who do I contact for questions about 3rd Street Promenade?
    You should contact the listing agent, John Moudakis, for any details regarding this commercial listing.

    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
    Price
    $499,000
    Listing Agent
    More listings from John Moudakis
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