Retail Space on 3rd
For Lease
Contact for pricing
1247 3rd Street Promenade, Santa Monica, CA 90401
Prime retail space available on the Third Street Promenade.
Space Size7,500 SF
Days on Market332
Property Features for 1247 3rd Street Promenade
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Retail
Spaces For Lease
at 1247 3rd Street Promenade
1247 3rd Street
Available
Size
7,500 SF
Type
Retail
±7,500 SF (currently ± divided into two (2) ±3,750 SF Spaces)
Contact us
Listed By:
Ryan Gurman · License #01972081
(310) 650-7545
Source:
Cbre
Added: Nov 22, 2025
Changed: Oct 13
Last Checked: Oct 19 at 4:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ryan Gurman
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Located on 3rd St Promenade.
- Potential for a very large (15,000 sf) ground floor space.
- Possible second story addition.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
7,433
Businesses Nearby
450k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Apparel 32%
Shops & Services 14%
Superstores 9%
Target
Superstores
38,703 visits/mo
0.3 miles
T.J. Maxx
Apparel
31,827 visits/mo
0.1 miles
Hillstone
Dining
26,824 visits/mo
0.1 miles
Nordstrom
Apparel
25,648 visits/mo
0.3 miles
Trader Joe's
Groceries
23,003 visits/mo
0.4 miles
Demographics for 90401, CA
8,167
Population
5,782
Households
1.4
Avg Household Size
39
Median Age
76%
College-Educated
97%
High-School Grad
0.8 sq mi
ZIP Area
10,209
Density / Sq Mi
$106,704
Median Household Income
$98,906
Median Earnings
$2,549
Median Rent
$1,129,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
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.
