2700 Lincoln Blvd Santa Monica, CA 90405

This exceptional Santa Monica property, located at 2700-2720 Lincoln Boulevard, presents a unique redevelopment opportunity. The 9,828 square foot auto shop sits on a substantial 26,951 square foot lot, offering significant potential for various uses. Currently operating as a grandfathered auto repair center, the property features two single-story buildings with multiple drive-through bays, a retail storefront, office space, and a 400 square foot basement for parts storage. The property is leased to multiple month-to-month tenants with development/sale clauses, allowing for a master lease to a single tenant. NNN lease rates are exceptionally low at approximately $0.35/sq ft. A $68,000/month NNN lease rate is available for the entire site. The property boasts three curb cuts, providing excellent access. Environmental due diligence has been completed, including a No Further Action (NFA) letter for an Underground Storage Tank (UST) removed in 2000, and Phase 1 & 2 reports are available. The property's location, size, and existing infrastructure make it ideal for mixed-use development, affordable or senior housing, or an electric vehicle (EV) charging and service center. The asking price is $15,750,000, with a price per square foot of $1,602.56 and a land value of $585/SF. This is a 1031 exchange eligible property.