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    1231 3Rd Street Promenade Santa Monica, CA 90401

    Sponsored
    For Lease
    Contact for pricing

    4 Suites, 40,000 SF Available

    Lot size:
    40,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional retail property, located at 1231 3rd Street Promenade in the vibrant city of Santa Monica, California, offers a unique opportunity for multiple businesses. The building boasts a total of 40,000 square feet, currently entirely vacant and available for lease. Each of the four suites offers a minimum of 10,000 contiguous square feet, ideal for a variety of uses, including gyms, offices, and restaurants, as indicated by the property's subtype designation. The property's location on the bustling 3rd Street Promenade guarantees high foot traffic and excellent visibility, making it an attractive location for businesses seeking maximum exposure. Situated in Los Angeles County, with a zip code of 90401, this property presents a rare chance to establish a presence in one of Southern California's most desirable retail destinations. The building's size and layout provide flexibility for tenants seeking a large, adaptable space. With its prime location and ample square footage, this property is poised for immediate occupancy and significant return on investment. Interested parties are encouraged to inquire for further details and leasing options. The property is ready for immediate occupancy. This is a multi-tenant property with a total of four suites.

    Property Features for 1231 3Rd Street Promenade

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,000 SF

    Unit(s) available at that property

    Space
    Rooftop
    Size
    10,000 SF
    Space
    Ground Floor
    Size
    10,000 SF
    Space
    2nd Floor
    Size
    10,000 SF
    Space
    Basement
    Size
    10,000 SF

    HighLights

    • Divisible ground floor space: 3,000 SF minimum.
    • High ceilings: 18‑foot clear height.
    • Large contiguous space: Up to 40,000 SF available.
    • Prime location: Third Street Promenade.
    • Excellent street presence: 65 feet of frontage.
    • Flexible leasing options: All floors available for separate lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Couplet Coffee Pop ... Coffee Shop

    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
    -118.4982423
    Latitude
    34.017714

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    FAQs

    What type of property is this?
    Retail property - 4 Suites, 40,000 SF Available
    Where is this retail property located?
    The property is located at 1231 3Rd Street Promenade Santa Monica, CA.
    What are key features of this property?
    This property features: Divisible ground floor space: 3,000 SF minimum.; High ceilings: 18-foot clear height.; Large contiguous space: Up to 40,000 SF available.
    Request Owner's contact information
    1231 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
    1231 3Rd Street Promenade Santa Monica, CA 90401
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