Overview

Description

WESTMAC Commercial Brokerage Company and Beitler Commercial Realty Services are pleased to offer the opportunity to acquire 1231 4th Street, a +/- 6,270 square foot commercial building situated on +/- 6,007 square feet of Santa Monica BC (Bayside Conservation) zoned land in the Downtown District. This is a perfect owner-user opportunity for someone looking to have a footprint in the heart of Santa Monica, one block away from the Third Street Promenade. Given its location in the Downtown District, the property offers a variety of potential uses, such as medical offices, creative spaces, fitness centers, restaurants, and more.

The subject property is located on 4th Street, between Arizona and Wilshire. The Santa Monica Farmers’ Market occurs around the corner, on Arizona, every Wednesday and Saturday. It is one of Los Angeles’s most popular farmers’ markets. Additionally, Third Street Promenade is one street away. The promenade is a retail, dining, and entertainment area popular among tourists and locals alike. The area is pedestrian only and features stores such as Sephora, H&M, Lululemon, Zara, Apple, Anthropologie, Alo, and Urban Outfitters, to name a few.

The property was previously used as a yoga studio and is currently vacant. The first floor features one large room with ~fifteen foot high ceilings, as well as a lobby area and kitchen. The second floor offers five office spaces and two smaller utility/storage rooms. Skylights throughout provide the property with ample natural light.

1231 4th Street has incredible potential for an owner-user who is looking for a rare opportunity to own prime retail property in one of Los Angeles’s most desirable neighborhoods.

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