2003-2011 Main St, Santa Monica, CA 90405

4,305 SF | 30% Leased | Retail Building | Santa Monica, CA 90405 | $6,950,000 ($1,614/SF)

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $6,950,000

Sale Condition
1031 Exchange
Property Type
Retail
Square Feet
4,305 SF
Price / Square Foot
$1,614

Listing Contacts

Assaf Raz
Assaf Raz
Verified Profile
Jeff Konecke
Jeff Konecke
Verified Profile
  • Property Info

Property Overview

2003 Main Street is a block south of Pico Boulevard at the northern edge of the Main St. commercial area.
The existing one-story commercial building sits on the southeast corner of Main Street and Bay Street and was built in the 1920s. It contains 4,305 SF in 3 lease spaces, two of which are currently vacant. The building is considered a cultural landmark because it housed the surf shop that sponsored the Dogtown skateboarders in the 1970s who revolutionized skateboarding. The site is 12,057 SF and, as currently configured, has 5 parking spaces.
Dogtown Coffee has been a tenant in the northernmost space for the last 10 years. It consists of an 1285 SF incidental food use retail business and has an attached patio on its north edge and close to 500 SF of outdoor seating on the parking lot. The two unoccupied commercial spaces to its south are 1480 SF and 1540 SF.
2003 Main Street Entitlements:
The City of Santa Monica and the California Coastal Commission have entitled the property for the following:
1) install a permanent roof over the outdoor seating area for the existing coffee shop
2) Install new fences and gates along the side street
3) structurally strengthen the rear wall of the two unoccupied spaces and install glazing and doors to allow more light and access into these spaces
4) pave the parking area to restore all spaces and install stormwater mitigation measures
5) construct a new 2124 SF 2-story commercial building along the east property line
All items have Santa Monica Planning, Transportation and Waste Management approval and Coastal Commission approval. Items 1, 2, and 3 are permit ready for construction. Item 4 has engineering plans ready for plan check submittal. Item 5 requires architectural and engineering drawings to be prepared and submitted for plan check. Additionally, plans for a new 800 3- phase transformer are prepared and SCE (Southern California Edison) has completed its design phase to provide the power to the site.
Important: the reported size of the spaces is the leasable area. The actual building size is different, which is based on net of exterior walls, which is the area zoning uses.

Property Details

Class
C
Year Built
1921
Stories
1
Property Subtype
Freestanding
Lot Size (sq. ft)
12,197 SF

Highlights

  • Home for the famous Dogtown Coffee restaurant.
  • Two blocks from the beach.
  • Entitled plans for renovation.

FAQ

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].