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1530 Pico Boulevard, Santa Monica, CA

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1530 Pico Boulevard

Santa Monica, CA 90405-1624 - Santa Monica Submarket

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:1965
Building Size:1,627 SF Land Area:.26 AC (11,160 SF)
For Sale Price:$5,500,000 Price/SF:$3,380.45
Cap Rate:-
Parking:18 Surface spaces are available
Features:Pylon Sign
1,627 SF is available to occupy upon purchase.

Sale Notes:
CBRE, as exclusive advisor is pleased to present the opportunity to acquire the 100% fee simple interest in 1530 Pico Blvd in Santa Monica, CA.
1530 Pico Blvd is comprised of an 11,161 square feet land site. The property is directly adjacent to Santa Monica College on the south west corner of Pico Blvd and 16th Street. 1530 Pico is zoned SMC2 - NC with an FAR o 1.25:1. For over 60 years, this site has served as the Foster’s Freeze. 1530 Pico will be delivered vacant upon the close escrow. The property presents the opportunity for a developer to acquire a unique site and capture value through a signature commercial project adjacent to Santa Monica College.
This opportunity provides a developer with a unique opportunity to transform this high profile intersection into an investor’s dream directly adjacent to the high volume traffic and pedestrian volume associated with Santa Monica College; Over 20,000 cars drive by daily on the corner of Pico Blvd. and 16th Street.

Ken McLeod
(310) 550-2515

Emil Gurfinkel
(310) 550-2685

Casey Jahn
(310) 550-2544

Tim J Kuruzar
(310) 550-2671

Jack Roney
(310) 550-2511

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