1219 Montana AveSanta Monica, CA 90403

This exceptional 5,000 square foot retail storefront, located at 1219-1223 Montana Avenue in Santa Monica, California, presents a unique investment opportunity. Built in 1947, this two-story building sits on a 0.12-acre lot and boasts a 100% occupancy rate as of November 13, 2023. The property is zoned SMC2 and offers six parking spaces (6 per 1,000 sq ft), a significant advantage in this high-traffic area. The asking price is $4,965,000, translating to $993 per square foot, with a pro-forma cap rate of 6.06%. Its prime corner location at Montana Avenue and 12th Court ensures high visibility and foot traffic. The property is ideally suited for an owner-user seeking premium commercial space or an investor looking for strong returns. The location offers easy access to Santa Monica State Beach, the 3rd Street Promenade, Downtown Santa Monica, and several prestigious country clubs and educational institutions. Strong demographics within a three-mile radius include a population of 178,545 and an average household income of $176,453 within one mile. This is a rare chance to acquire a trophy property in the heart of Santa Monica's vibrant Montana Avenue. The single tenancy allows for flexibility, making it suitable for a variety of retail uses. The property's APN is 4280-026-017.