1231 3Rd Street Promenade Santa Monica, CA 90401
For Lease
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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.
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Couplet Coffee Pop Up Cafe & Coffee Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
SMBSC1* · Santa Monica, CACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.