- For Sale $15,000,000
- Property Type Retail
- Property Size 12,500 SF
- Lot Size 7,500 SF
- Cap Rate % 5
- # of Floors 2
- Year Built 1941
- Year Renovated 2016
- Date Updated Apr 17, 2024
Prime location on the famous Third Street Promenade that is 3 blocks from the beach • One of the very few 2nd Generation Full-Service Restaurants in Santa Monica • List of FF&E is available upon request • Type 47 Alcohol License is included in the purchase price of the property • CUP which includes an entertainment license will stay with the property • Retrofitted and remodeled in 2016 • Excellent condition - the restaurant / bar was remodeled in 2016 • Beautiful high bow truss ceiling • The overall aesthetic effect of the lighting creates a great atmosphere • Upgraded sound system • Stage for entertainment & events • Projector + Large Screen on the ground floor • 7 Televisions • Island bar on the ground floor, adjacent to outdoor patio designated for dining • Private room on the mezzanine with its own bar, pool tables, darts, gaming and lounge area • Additional mezzanine dining area • Outdoor dining available with a separate license agreement from the City of Santa Monica
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Contacts
Location
Getting Around
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Walk Score ®
81/100
Very Walkable
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Transit Score ®
75/100
Excellent Transit
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Bike Score ®
84/100
Very Bikeable
- City Santa Monica, CA
- Neighborhood Downtown Santa Monica
- Zip Code 90401
- Market Los Angeles
Points of Interest
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Downtown Santa Monica
0.53 miles
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17th Street/Santa Monica College
1.14 miles
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26th Street/Bergamot
1.87 miles
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Expo/Bundy
2.81 miles
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Marina Beach
3.56 miles
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Expo/Sepulveda
3.93 miles
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Dolphin Marina
3.93 miles
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Esprit 1
4.04 miles
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Burton Chace Park
4.20 miles
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Del Rey Landing
4.29 miles
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Tesla Supercharger
0.39 miles
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Mobil
0.44 miles
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eVgo
0.57 miles
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Chevron
0.83 miles
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Chevron
0.87 miles
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Arco
0.91 miles
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Chevron
1.27 miles
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Chevron
1.34 miles
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Arco
1.51 miles
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76
1.71 miles
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Parking Structure 1
0.09 miles
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Parking Structure 4
0.16 miles
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Parking Structure 6
0.30 miles
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Parking Structure 5
0.34 miles
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Parking Structure 7
0.40 miles
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Parking Structure 8
0.48 miles
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Santa Monica Police Pier Office Parking Lot
0.60 miles
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Lot 1 South
0.61 miles
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SMC Performing Arts Center Parking
0.62 miles
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Civic Center Parking
0.71 miles
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Wally's Santa Monica
0.03 miles
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Hillstone Restaurant
0.04 miles
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Silverlake Ramen
0.05 miles
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Cabo Cantina
0.07 miles
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Lotus Dim Sum
0.09 miles
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Burger Lounge
0.10 miles
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T's Thai Restaurant
0.11 miles
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FIG
0.11 miles
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Tender Greens
0.11 miles
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Lemonade
0.11 miles
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TJ Maxx
0.15 miles
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Nordstrom
0.39 miles
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Target
0.41 miles
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Santa Monica Place
0.43 miles
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Trader Joe's
0.45 miles
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Bloomingdale's
0.49 miles
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Vons
0.53 miles
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Pavilions
0.69 miles
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Vons
0.81 miles
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Tehran Market
0.90 miles
Frequently Asked Questions
What is the lease rate for 1212 Third Street Promenade?
Rental asking rate at 1212 Third Street Promenade is $7,500,000.00/YR.
What is the total square footage of 1212 Third Street Promenade?
1212 Third Street Promenade totals 12,500 square feet.
When was this property built?
1212 Third Street Promenade was built in 1941.
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