Description

1415 Wilshire Boulevard offers a rare opportunity to acquire or lease a freestanding retail building in Santa Monica's Wilshire-Montana neighborhood. The approximately 4,878-square-foot, single-story building sits on an approximately 5,000-square-foot parcel and is offered for sale at $3,500,000. The property is also marketed for lease at $4.50 per square foot per month on a triple-net basis, with estimated NNN charges of approximately $1.00 per square foot per month.

Built in 1930 and expected to be delivered vacant, the property provides flexibility for an owner-user or tenant seeking retail, showroom, service or creative space. The building can potentially be divided for two users, subject to independent verification and applicable approvals.

The property offers approximately 50 feet of frontage along Wilshire Boulevard and visibility to an estimated 28,000 vehicles per day. There is no dedicated on-site parking; metered street parking is available along Wilshire Boulevard, with a city metered lot across the street. The MUB (Mixed-Use Boulevard) zoning and infill setting place the property near dense residential neighborhoods, shops, restaurants and Downtown Santa Monica.

Prospective buyers and tenants should independently verify square footage, zoning, permitted uses, traffic counts, lease economics, divisibility, parking and property condition.