1219-1223 Montana Avenue

1219-1223 Montana Avenue, Santa Monica, CA 90403

Listing Price: $5,250,000.00

Cap Rate
Cap Rate
Gross SF
Rentable SF
Land SF

Property Description

Marcus & Millichap is pleased to introduce an exceptional commercial retail opportunity in the heart of Santa Monica, CA, located at 1219 Montana Ave. This prized property presents a once-in-a-lifetime chance to acquire a highly coveted retail location on the affluent stretch of Montana Ave. This 1947-built gem is prime real estate with 5,000 square feet of versatile space.

The property is ideally suited for an owner-user seeking premium commercial space or an investor looking for lucrative returns. The flexibility of the current tenancy allows for easy adaptation to an Owner-User’s specific needs. Or as an investor, capitalize on the street’s high rental rate, ensuring a rewarding long-term investment.

Convenience and accessibility are at the forefront with six (6) parking spaces, making it easy for customers to visit this high-profile walking street location. Positioned on a hard corner of Montana Ave. and 12th Ct., the property enjoys heightened visibility and foot traffic, ensuring constant exposure to a vibrant customer base.

Montana Avenue in Santa Monica, California is a charming and vibrant street that perfectly encapsulates the city’s laid-back coastal lifestyle and unique blend of urban sophistication. This picturesque boulevard stretches for approximately 10 blocks, between 7th Street and 17th Street, nestled just a few blocks from the pristine shores of the Pacific Ocean.

Lined with a delightful mix of boutiques, cafes, restaurants, and specialty shops, Montana Avenue offers a delightful shopping and dining experience. The architecture is a mix of quaint, beachy cottages and modern storefronts, creating a distinctive and inviting atmosphere. The
wide sidewalks and lush, tree-lined streets create a pedestrian-friendly environment, making it ideal for leisurely strolls and people-watching.

Shoppers will find an array of high-end boutiques selling designer clothing, jewelry, home goods, and unique gifts. Fashion enthusiasts can explore the latest trends and luxury brands, while art lovers can browse through galleries showcasing local talent. Montana Avenue is a haven for those seeking one-of-a-kind finds and high-quality, curated merchandise.

The street is not just about shopping; it’s also a culinary destination. A diverse range of restaurants and cafes, with inviting outdoor seating, cater to a variety of tastes. Whether you’re in the mood for artisanal coffee, international cuisine, or farm-to-table dining, you’ll find options that tantalize your taste buds.

Property Highlights

  • 5,000 Square Feet of Versatile Retail
  • Rare Trophy Location in the Heart of Montana Avenue in Santa Monica
  • Ideal Owner-User Transaction
  • Six (6) Total Parking Spaces
  • Situated on the Corner of Montana Avenue and 12th Court with excellent visibility
  • Proximity to Santa Monica State Beach, 3rd Street Promenade, Downtown Santa Monica, Riviera Country Club, Brentwood Country Club, Santa Monica College, and the Pacific Palisades
  • Strong Demographics - 178,545 Population within 3-miles, and an average Household income of $176,453 within 1-mile