1718-1720 20th St - Storefront Retail/Office FOR SALE


Santa Monica, CA 90404- Pico
$10,750,000 USD
310-966-4352
1718-1720 20th St, Santa Monica, CA for Sale
$10,750,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | Request Cap Rate

1718-1720 20th St
Santa Monica, CA 90404
Pico


HIGHLIGHTS

  • High visibility at the gateway to the Santa Monica Freeway
  • Leases provide income & flexibility while buyer pursues plans for redevelopment
  • Excellent Westside Location
  • Silicon Beach Drivers

OVERVIEW

WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire, 1718-1720 20th Street (“1718 20th Street”), a 14,480 square foot site featuring a two-story commercial building totaling approximately 7,762 square feet (per tax record) in Santa Monica, CA. The site gives way to a prime redevelopment opportunity with unmatched visibility and excellent access to transit, including the Metro Expo Line, Pacific Coast Highway and the 10 Freeway, in one of the most dynamic office and retail markets in the world. The property currently houses an auto body shop on the first level, four (4) office tenants occupying five (5) suites on the second level and plenty of parking for approximately twenty (20) vehicles. There is tremendous flexibility for owner-users or savvy investors seeking to redevelop the site. The property falls under Santa Monica’s Industrial Conservation (IC) zoning and can accommodate a variety of uses ranging from creative office, media production and car dealerships to R&D, self-storage and 100% affordable housing. 1718 20th Street is a rare opportunity for buyers looking to position themselves in one of Southern California most iconic and prosperous locales for technology, entertainment, and media.

FOR SALE DETAILS

PRICE

$10,750,000 USD

PRICE/SF

$1,385 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Auto Dealership, Warehouse, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

IC

APN/PARCEL ID

4275-028-016

ASK ABOUT THIS PROPERTY

T.C. MackerWESTMAC Commercial Brokerage CompanyMore Info
310-966-4352

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T.C. MackerWESTMAC Commercial Brokerage CompanyMore Info
310-966-4352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.