WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire, 1718 20th Street, a 14,480 square foot site featuring a two-story commercial building totaling approximately 7,762 square feet (per tax record) in Santa Monica, CA. The site gives way to a prime redevelopment opportunity with unmatched visibility and excellent access to transit, including the Metro Expo Line, Pacific Coast Highway and the 10 Freeway, in one of the most dynamic office and retail markets in the world. The property currently houses an auto body shop on the first level, four (4) office tenants occupying five (5) suites on the second level and plenty of parking for approximately twenty (20) vehicles.
There is tremendous flexibility for owner-users or savvy investors seeking to redevelop the site. The property falls under Santa Monica’s Industrial Conservation (IC) zoning and can accommodate a variety of uses ranging from creative office, media production and car dealerships to R&D, self-storage and 100% affordable housing. 1718 20th Street is a rare opportunity for buyers looking to position themselves in one of Southern California most iconic and prosperous locales for technology, entertainment, and media.
Asking Price: $14,000,000
Listed by Tobin McAndrews, T.C. Macker, CCIM and Jennifer Moscoso of WESTMAC Commercial Brokerage Company, |1515 S. Sepulveda Boulevard, Los Angeles, CA 90025 | Company DRE# 01096973 | http://www.westmac.com