Retail Business for Sale in Santa Monica, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Santa Monica, CA 90401

Description

Seize this rare opportunity to establish your brand in the epicenter of Santa Monica’s prime retail corridor. This trophy assemblage of 1241-1247 3rd Street delivers an exceptional 14,400 SF of flexible retail, restaurant, or entertainment space along the world-renowned Third Street Promenade.

Market Context

This retail in Santa Monica, CA is listed for sale. It has been on the market for 92 days. Compare it against other retail listings for sale in Santa Monica, CA — <a href="/search/sale/retail/california/santa-monica">view the full market</a>.

As of Q3 2023, the Greater Los Angeles retail market showed rents up 0.5% year over year, and cap rates around 5.0%. Source: Consensus Q3 2023 market report.

Retail market FAQ

What is the typical cap rate for retail in Greater Los Angeles?
About 5.0% as of Q3 2023, per Consensus.

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