119-121 Broadway Santa Monica, CA 90401
- Restaurants
- 2,016 SF
Current Use by Public Records
- Restaurants
Property Details for 119-121 Broadway
- Property size
- 2,016 SF
- Property type
- Restaurants
- Property subtype
- Bars
Description
This exceptional 2,016 square foot restaurant and bar located at 119-121 Broadway in Santa Monica, California, presents a unique investment opportunity. Situated just one block from the bustling Third Street Promenade, this property enjoys a highly desirable location in the heart of downtown Santa Monica. Its proximity to the Metro E Line at Colorado and 4th Street ensures excellent accessibility for both local residents and tourists. The property's single-tenant occupancy simplifies management and provides a stable income stream. The vibrant downtown Santa Monica area attracts approximately 20.6 million visitors annually, generating an estimated $954 million in spending. This high foot traffic, combined with the property's convenient location, creates a strong foundation for continued success. The property is located in Los Angeles County, California, with a zip code of 90401. This prime location offers unparalleled access to a diverse customer base, including tourists, commuters, and shoppers from across Los Angeles, drawn to the relaxed atmosphere of downtown Santa Monica. The property's size and location make it ideal for a variety of restaurant and bar concepts. This is a rare opportunity to acquire a thriving business in one of Southern California's most sought-after locations.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Santa Monica
- County
- Los Angeles
- State
- California
- Longitude
- -118.496
- Latitude
- 34.0134
