1241 3rd St Promenade Santa Monica, CA 90401-1307
- Retail space
- 3,900 SF
- 0.10 lot acres
Jun 29, 2021
Current Use by Public Records
- Retail space
Property Details for 1241 3rd St Promenade
- Year built
- 1948
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.10 lot acres
- Property size
- 3,900 SF
- Zone code
- SMBSC1*
- Property type
- Retail space
- APN
- 4291-003-012
- APU
- 4291003012
Description
This exceptional retail opportunity presents a multi-tenant storefront on the iconic 3rd Street Promenade in Santa Monica, California. Located at 1241 3rd Street, this property boasts a highly desirable address within Los Angeles County, zip code 90401. The space is categorized as Store Front Retail, offering significant potential for businesses seeking high foot traffic and visibility in one of Southern California's most renowned shopping destinations. The property's location on the 3rd Street Promenade ensures exposure to a large and diverse customer base, benefiting from the area's vibrant atmosphere and strong tourism. This multi-tenant configuration provides flexibility for various retail concepts, allowing for a diverse mix of businesses to thrive within the same building. The precise square footage and lease terms are available upon request. Given its prime location and established reputation, this property represents a rare and valuable investment opportunity for discerning businesses seeking a presence on the world-famous 3rd Street Promenade. Interested parties are encouraged to inquire for detailed information regarding lease terms, available spaces, and specific property dimensions. The property is situated at 34.0176573 latitude and -118.498006 longitude, providing easy access for both customers and employees. This is a chance to establish a business in a location that guarantees high visibility and significant potential for success. Don't miss this opportunity to secure a space on one of the most sought-after retail streets in the country.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,340,000
- ML approach
- $5,535,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,446,000
Market price range: $1.98M - $6.45M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $4,115,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Santa Monica
- County
- Los Angeles
- State
- California
- Longitude
- -118.498
- Latitude
- 34.0177
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
