For sale for the first time in over 30 years is the prime corner property at 116 Santa Monica Blvd., at the intersection of 2nd Street and Santa Monica just one block east of Ocean Avenue. Exclusively listed by MEI Real Estate Services, this redevelopment opportunity comes with full building plans and offers a developer over $52K/month in existing income while finalizing entitlements and permitting. Ye Olde Kings Head is the single tenant at this 6,900 SF property and they have occupied the building for almost 25 years. The corner lot is a 7,500 SF rectangle. THE PROPERTY ONLY IS FOR SALE, THE RESTAURANT IS ON A TERM LEASE AND WILL REMAIN OPEN TO THE PUBLIC FOR THE FORESEEABLE FUTURE. Zoning is SMBSC4*; *Buyer to verify all details. Please DO NOT DISTURB TENANT, please contact agents for details - thank you.