3021 Lincoln
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3021 Lincoln
2,190 SF Vacant Retail Building Santa Monica, CA 90405 $2,395,000 ($1,094/SF)
Investment Highlights
- Freestanding Restaurant - Santa Monica - 100% Vacant
- Permitted rear Patio - Permitted front exterior tables/seating
Executive Summary
100% VACANT
Mixed use, Bar-Restaurant on the ground floor with a 2 bed 1 bath residential upstairs. Previously the home of LA Draughts and Santino's restaurant. In 2009 the building was virtually demolished due to a fire and it was rebuilt from the ground up to the 2009 building codes, including earthquake retrofitting, 750 Grease trap installed, Fire Sprinkler system, Infiltration pits, Air Conditioning, ADA approved (as of final inspection date). open flame cooking with hood. This property is ready to go for either fine dining or fast food. Seller and previous tenant states that the entire rear patio, including the 3 parking spaces is permitted for a patio. Permitted for 2 outdoor tables at front of property. All tenants previous tenants have had a beer and wine license. The property is grandfathered for the exemption for off license alcohol sales. Roofing was recently coated. This is a very rare opportunity to own a bar restaurant / residential delivered vacant in Santa Monica, across the street from Whole foods on Lincoln Blvd in the heart of Santa Monica.
As of April 13th 2023 the city of Santa Monica issued an "Alcohol Determination zoning conformance review
" for a State ABC type 47 Alcohol license - Document in DATA room
Mixed use, Bar-Restaurant on the ground floor with a 2 bed 1 bath residential upstairs. Previously the home of LA Draughts and Santino's restaurant. In 2009 the building was virtually demolished due to a fire and it was rebuilt from the ground up to the 2009 building codes, including earthquake retrofitting, 750 Grease trap installed, Fire Sprinkler system, Infiltration pits, Air Conditioning, ADA approved (as of final inspection date). open flame cooking with hood. This property is ready to go for either fine dining or fast food. Seller and previous tenant states that the entire rear patio, including the 3 parking spaces is permitted for a patio. Permitted for 2 outdoor tables at front of property. All tenants previous tenants have had a beer and wine license. The property is grandfathered for the exemption for off license alcohol sales. Roofing was recently coated. This is a very rare opportunity to own a bar restaurant / residential delivered vacant in Santa Monica, across the street from Whole foods on Lincoln Blvd in the heart of Santa Monica.
As of April 13th 2023 the city of Santa Monica issued an "Alcohol Determination zoning conformance review
" for a State ABC type 47 Alcohol license - Document in DATA room
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,190 SF
Building Class
C
Year Built
1924
Price
$2,395,000
Price Per SF
$1,094
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
1.01
Land Acres
0.05 AC
Zoning
SMC4* - Commerical
Parking
3 Spaces (1.37 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Waterfront
Walk Score ®
Very Walkable (88)
Bike Score ®
Biker's Paradise (95)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 4285-029-006 | Improvements Assessment | $73,568 |
| Land Assessment | $53,571 | Total Assessment | $127,139 |
PROPERTY TAXES
Parcel Number
4285-029-006
Land Assessment
$53,571
Improvements Assessment
$73,568
Total Assessment
$127,139
-
Lee Tonks -
Tonks Agency Inc
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3021 Lincoln
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