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The Falls Lounge Type 48 license 626 S Spring St
1,932 SF of Retail Space Available in Los Angeles, CA 90014
Highlights
- Entitled bar with live entertainment
- Fully improved and operational
- Type 48
- Busy stretch
all available space(1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Condition
- Available
-Size: 1,932 SF -CUB: Type 48 allows live entertainment -Limited to indoors - DJ or up to four musicians, a jazz trio, or ambient music. Karaoke permitted. -Hours: 11am-2:00 am daily -80 indoor patrons and 23 outdoor patrons -Lease rate: $6k/mo -Term: negotiable
- Fully Built-Out as a Drinking Establishment
- Space is in Excellent Condition
- Located in-line with other retail
| Space | Size | Term | Rental Rate | Space Use | Condition | Available |
| 1st Floor, Ste ground | 1,932 SF | 5-10 Years | $37.00 /SF/YR $3.08 /SF/MO $71,484 /YR $5,957 /MO | Retail | Full Build-Out | Now |
1st Floor, Ste ground
| Size |
| 1,932 SF |
| Term |
| 5-10 Years |
| Rental Rate |
| $37.00 /SF/YR $3.08 /SF/MO $71,484 /YR $5,957 /MO |
| Space Use |
| Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor, Ste ground
| Size | 1,932 SF |
| Term | 5-10 Years |
| Rental Rate | $37.00 /SF/YR |
| Space Use | Retail |
| Condition | Full Build-Out |
| Available | Now |
-Size: 1,932 SF -CUB: Type 48 allows live entertainment -Limited to indoors - DJ or up to four musicians, a jazz trio, or ambient music. Karaoke permitted. -Hours: 11am-2:00 am daily -80 indoor patrons and 23 outdoor patrons -Lease rate: $6k/mo -Term: negotiable
- Fully Built-Out as a Drinking Establishment
- Located in-line with other retail
- Space is in Excellent Condition
PROPERTY FACTS FOR 626 S Spring St , Los Angeles, CA 90014
| Total Space Available | 1,932 SF | Apartment Style | Mid Rise |
| No. Units | 36 | Building Size | 45,396 SF |
| Property Type | Multifamily | Year Built | 1912 |
| Property Subtype | Apartment |
| Total Space Available | 1,932 SF |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Size | 45,396 SF |
| Year Built | 1912 |
About the Property
URBANLIME Real Estate is pleased to present the opportunity to acquire 626 S Spring St. The asset is situated in DTLA along busy Spring St, near many restaurants, bars and retailers. Operators will benefit from strong day and nighttime populations,as well as many residents and hotel guests. Nearby attractions include the Broad, MOCA, The Los Angeles Theatre, Clifton's, the Freehand Hotel the Hoxton Hotel and the Proper Hotel among many others create a large draw to the area. Neighboring tenants include Exchange LA, Guisado’s, Tacos 1986, Blu Jam Café, Tierra Mia Coffee,Verve Coffee, Starbucks, Silverlake Ramen, Joe’s Pizza & more! This is an asset sale which includes the Type 48 liquor license and a lease at $6k/mo on a modified gross basis. Asking price $340k.
Features and Amenities
- Laundry Facilities
- Roof Terrace
- Lounge
Nearby Major Retailers
Presented by
The Falls Lounge Type 48 license | 626 S Spring St
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