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 Lincoln Boulevard Development Overview (Venice to Santa Monica, CA) Lincoln Boulevard, stretching from Venice to Santa Monica, has undergone significant transformation over the past five years, with numerous mixed-use developments completed, under construction, or in the planning stages. These projects have revitalized the corridor, making it one of the most dynamic and desirable areas in Los Angeles. Below is a detailed overview of the developments that have contributed to the area's growth and why your property at 3021 Lincoln Blvd, Santa Monica, CA 90405 is poised to appreciate significantly as a result. Completed Developments 1. The Lincoln - Located at 1501 Lincoln Blvd, Santa Monica, this mixed-use development features 60 residential units above ground-floor retail spaces. Completed in 2020, it has become a hub for local businesses and residents, setting a precedent for future projects. 2. The Shay - Situated at 1541 Lincoln Blvd, this development includes 195 apartments, a Whole Foods Market, and additional retail spaces. Completed in 2019, it has significantly increased foot traffic and economic activity in the area. 3. Lincoln & Pico Mixed-Use Project - Located at 2901 Lincoln Blvd, this project added 50 residential units and ground-floor commercial spaces. Completed in 2021, it has contributed to the growing demand for housing and retail in the area. 4. Venice V Apartments - At 123 Lincoln Blvd, Venice, this development features 140 residential units and ground-floor retail. Completed in 2022, it has enhanced the northern end of Lincoln Boulevard, attracting young professionals and families. Under Construction 1. Lincoln Yards - A large-scale mixed-use development at 2000 Lincoln Blvd, featuring 300 residential units, retail spaces, and public plazas. Expected completion in 2026, this project is already driving interest in the surrounding area. 2. Ocean Park Mixed-Use Project - Located at 2801 Lincoln Blvd, this development will include 120 residential units and ground-floor retail. Slated for completion in late 2025, it is expected to further boost property values in the vicinity. 3. Venice Gateway - At 100 Lincoln Blvd, Venice, this project will add 80 residential units and commercial spaces. Under construction and expected to be completed by 2026, it is part of the broader effort to modernize the northern stretch of Lincoln Boulevard. Planned Developments 1. Lincoln & Rose Mixed-Use Project - A proposed development at 2501 Lincoln Blvd, featuring 90 residential units and ground-floor retail. This project is currently in the planning stages and is expected to break ground in 2026. 2. Santa Monica Arts District - A visionary project planned for 1901 Lincoln Blvd, combining residential units, artist studios, and retail spaces. This development aims to create a cultural hub and is expected to begin construction in 2027. 3.**Venice Innovation Center - A planned mixed-use development at 50 Lincoln Blvd, Venice, focusing on tech-oriented businesses and residential units. This project is in the early planning stages and is expected to attract significant investment to the area. Why 3021 Lincoln expects Appreciation The property at 3021 Lincoln Blvd, is uniquely positioned to benefit from these developments. Here’s why: 1. Increased Demand for Mixed-Use Properties - The trend of mixed-use developments along Lincoln Boulevard has created a high demand for properties that combine residential and commercial spaces. Your property, with its bar and restaurant on the ground floor and a 2-bedroom apartment above, aligns perfectly with this demand. 2. Enhanced Neighborhood Appeal - The influx of new residential and commercial projects has transformed Lincoln Boulevard into a vibrant, walkable corridor. This has increased the desirability of properties in the area, driving up values. 3. Proximity to Key Developments - Your property is located near several completed and upcoming projects, ensuring it will benefit from increased foot traffic, economic activity, and overall neighborhood improvement. 4. Long-Term Investment Potential - With so many developments in the pipeline, Lincoln Boulevard is poised for continued growth. This ensures that your property will appreciate significantly over the coming years, making it a sound long-term investment. Conclusion The ongoing and planned developments along Lincoln Boulevard from Venice to Santa Monica have created a thriving ecosystem of residential and commercial activity. 3021 Lincoln Blvd is perfectly positioned to capitalize on this growth, offering both immediate income potential and long-term appreciation. As the area continues to evolve, the value of this mixed-use property will only increase, making it a highly attractive asset in one of Los Angeles' most dynamic neighborhoods.