Listing Agency: r***@cbre.com Show Phone

Listed By: Ryan Gurman · License #01972081 Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 13 Last Checked: Aug 14 at 1:52PM

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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

Investment Insights

Based on property information with market context.

This retail space, located on 3rd Street Promenade, offers 7,500 square feet. The property can be combined with the adjacent property at 1247-1249 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.
• Ground floor location.
• Large square footage potential.

Property Analytics

Property Profile

Current Use

Vensula Apartment Building Kanhaiya Cafe & Coffee Shop Santa Monica BLvd Hotel & Motel 3rd street شارع ... Food Market Breast center Take-out & Catering

Suggested Use

Top Pick Grocery & Convenience Store Auto Parts Store Pet Grooming Service Storage Facility (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

7,866

Businesses Nearby

530k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 44% Apparel 27% Shops & Services 11% Superstores 7%

Bubba Gump Shrimp Co. Dining

64,192 visits/mo 0.4 miles

Target Superstores

38,703 visits/mo 0.1 miles

T.J. Maxx Apparel

31,827 visits/mo 0.3 miles

Hillstone Dining

26,824 visits/mo 0.3 miles

Nordstrom Apparel

25,648 visits/mo 0.1 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

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

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Frequently Asked Questions

What type of property is this?

Retail space - Prime retail space available on 3rd Street Promenade.

Where is this retail space located?

The property is located at 3rd Street Promenade Santa Monica, CA.

What are key features of this property?

This property features: Located on 3rd St Promenade.; Ground floor location.; Large square footage potential.