1670 Lincoln Blvd - Restaurant FOR SALE


Santa Monica, CA 90404- Downtown Santa Monica
$29,000,000 USD
213-298-3593
1670 Lincoln Blvd, Santa Monica, CA for Sale
$29,000,000 USD
Restaurant - FOR SALE
1/4
null | Request Cap Rate

1670 Lincoln Blvd
Santa Monica, CA 90404
Downtown Santa Monica


HIGHLIGHTS

  • High Profile, Generational Location
  • Unlimited Potential, Maximum Flexibility
  • High Growth & Development Friendly Market
  • Home to the 2028 Summer Olympics

OVERVIEW

Newmark Pacific is pleased to present to the market, the iconic Mel’s Drive-In (“Property”) located at 1670 Lincoln Blvd. in Santa Monica, California. Located at the hard corner of Lincoln Boulevard (PCH 1) and Olympic Boulevard, the primary on/off access to the Santa Monica 10 Freeway, this location is as iconic as it gets to Southern California. The ideal 0.51-acre site with ± 4,800 square feet of improvements, leased through June 2029 provides a new owner the potential to leverage the exposure and identity of this corner parcel. Prominent existing signage and the potential to enhance signage, provides owner-users, developers, or investors the opportunity to monetize the over 188,000 CPD passing by this site. Whether it’s significantly increasing revenue by implementing an LED sign program or leveraging the traffic to create limitless brand awareness and recognition, 1670 Lincoln Boulevard is an irreplaceable location that provides maximum year-around exposure.

FOR SALE DETAILS

PRICE

$29,000,000 USD

PRICE/SF

$6,148 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,344 SF

ZONING

C4

APN/PARCEL ID

4290-002-010

ASK ABOUT THIS PROPERTY

William BaumanNewmarkMore Info
213-298-3593

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William BaumanNewmarkMore Info
213-298-3593

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