Investment Highlights
Freestanding Restaurant - Santa Monica - 100% Vacant
Permitted rear Patio - Permitted front exterior tables/seating
Executive Summary
100% VACANTMixed use, Bar-Restaurant on the ground floor with a 2 bed 1 bath residential upstairs. Previously the home of LA Draughts and Santino's restaurant. In 2009 the building was virtually demolished due to a fire and it was rebuilt from the ground up to the 2009 building codes, including earthquake retrofitting, 750 Grease trap installed, Fire Sprinkler system, Infiltration pits, Air Conditioning, ADA approved (as of final inspection date). open flame cooking with hood. This property is ready to go for either fine dining or fast food. Seller and previous tenant states that the entire rear patio, including the 3 parking spaces is permitted for a patio. Permitted for 2 outdoor tables at front of property. All tenants previous tenants have had a beer and wine license. The property is grandfathered for the exemption for off license alcohol sales. Roofing was recently coated. This is a very rare opportunity to own a bar restaurant / residential delivered vacant in Santa Monica, across the street from Whole foods on Lincoln Blvd in the heart of Santa Monica.As of April 13th 2023 the city of Santa Monica issued an "Alcohol Determination zoning conformance review" for a State ABC type 47 Alcohol license - Document in DATA room
