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    1247 3Rd Street Promenade Santa Monica, CA 90401

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    For Lease
    Contact for pricing

    Prime retail space available on the Third Street Promenade.

    Property size:
    7,500 SF
    Lot size:
    7,500 SF

    Property Features for 1247 3Rd Street Promenade

    General Information

    Size
    7,500 SF

    Source: Ryan Gurman Agent Ryan Gurman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space on 3rd Street

    This retail space offers 7,500 square feet and is situated on 3rd Street Promenade. The property can be combined with the adjacent property at 1241-1245 3rd St Promenade to create a total of 15,000 square feet on the ground floor, with the potential for a second story.
    Location Intelligence

    Current Use by Public Records

    Footaction Clothing Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.4979076
    Latitude
    34.0176514

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    FAQs

    What type of property is this?
    Retail space - Prime retail space available on the Third Street Promenade.
    Where is this retail space located?
    The property is located at 1247 3Rd Street Promenade Santa Monica, CA.
    What are key features of this property?
    This property features: - Located on 3rd St Promenade.; - Potential for a very large (15,000 sf) ground floor space.; - Possible second story addition.
    (310) 650-7545
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    1247 3Rd Street Promenade Santa Monica, CA 90401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1247 3Rd Street Promenade Santa Monica, CA 90401
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