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Property Detail

Lincoln Boulevard
Take advantage of a fully leased, multi-tenant retail center along a busy thoroughfare in the heart.
$1,100,000

Description

  • Take advantage of a fully leased, multi-tenant retail center along a busy thoroughfare in the heart of Santa Monica, California.
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  • 2300 Lincoln Boulevard introduces a strategic opportunity for investors to acquire a profitable asset in a prime location with upside potential.
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  • Situated just off the 10 freeway, tenants at 2300 Lincoln Boulevard benefit from exceptional visibility to over 50,000 vehicles passing daily.
  • Well-established in Ocean Park, a trendy and quaint beachfront community, tenants benefit from a dense residential population and year-round tourism.
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  • New ownership has the ability to capitalize on immediate cash flow while strategizing future revenue enhancements for long-term stabilization.

Executive Summary

2300 Lincoln Boulevard is a 7,032-square-foot retail building in the Ocean Park neighborhood of Santa Monica. Positioned on the main north-south artery and just five blocks from Interstate 10, the building offers excellent access and exposure to vehicle and pedestrian traffic. The property offers highly visible signage options for tenants as well as private, gated parking in the rear of the building.

With the potential to acquire well below replacement cost, 2300 Lincoln Boulevard offers an incoming investor the opportunity to benefit from a revenue-generating retail asset in a superior location. Currently 100% occupied by two tenants on short-term leases, this investment presents significant upside potential through lease renewals and rent escalations.

Ocean Park is one of Santa Monica’s most sought-after locations, offering a laidback beachfront atmosphere with big city amenities. Located just south of the Santa Monica Pier, visitors flock to the coastal community to experience local eateries, quaint cafes, and boutique shops, all just steps from the beach. Santa Monica boasts an affluent residential population surrounding 2300 Lincoln Boulevard. There are approximately 113,000 residents earning an average household income of $136,000 within a 2-mile radius. Consumers in the area spend an astounding $1.9 billion annually, with over $1 billion spent on retail-related goods and services specifically.

Property tours are available by appointment only. Please contact the listing broker to schedule.

2300 Lincoln Boulevard

Listing ID : 00561

SKU: 561

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Price History

DateEventPrice
December 3 2024Listed$1,100,000.00