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

This property can be combined with 1241-1245 3rd St Promenade for a total of 15,000 sf on the ground floor and a possible second story.

Market Context

This retail in Santa Monica, CA is listed for sale. It has been on the market for 148 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.

Unified Estimate

Medium Confidence

$361.48/SF – $425.27/SF

Mid: $425.27/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

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