1212 Third Street Promenade

ASKING PRICE:

$15,000,000

SIZE:

Ground Floor - Approx. 7,500 SF

Second Floor - Approx. 5,000 SF        

Approx. 12,500 Total SF

ELEVATOR:

YES

COMMENTS:

Based on the rent that can be attained, this is a 5 cap.

Perfect for an owner / user or as an investment.

FEATURES:

Type 47 Liquor License - Available for purchase

CUP Entertainment License

Ground Floor - Full Bar, Dining Area, Full-Service Kitchen, Stage, Sound System, 2 Handicap Bathrooms, Sprinkler System, TV’s, Large Projector Screen + Projector, and an Elevator.

Mezzanine - Full Bar, Dining Area, Sound System, Private Room / Event Space, Pool Tables, TV’s, and an Elevator.

Located in Downtown Santa Monica’s core business district, 1212 Third Street Promenade is one of the very few second generation restaurant spaces available in the area. The space is in excellent condition, and is plug & play for any restauranteur looking to open by the beach.