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202 MAIN St

8,700 SF 39% Leased Retail Building Venice, CA 90291 £9,805,125 (£1,127/SF)

Investment Highlights

  • Mixed-use building comprised of ground floor retail units and two apartments on the second floor.
  • The residential units, fully leased, include a two bedroom & two bath unit with a large patio space & a three bedroom and two bathroom
  • he ground floor retail spaces are poised for restaurant users with permission already obtained from the City as well as the CUP for liquor approved
  • Located on Main Street just north of Rose Avenue in the heart of Venice
  • Conveniently located less than 30 minutes from LAX. Venice’s iconic Abbot Kinney Boulevard is less than two minute drive away

Executive Summary

WESTMAC Commercial Brokerage Company is offering the opportunity to acquire 202 Main
Street. The property is located on Main Street just north of Rose Avenue in Venice Beach.
The subject property is a mixed-use building comprised of ground floor retail units and two apartments on the second floor. The residential units, which are fully leased, include a two bedroom and two bath unit with a large patio space and a three bedroom and two bathroom unit with a rooftop patio. The ground floor retail spaces are poised for restaurant users with permission already obtained from the City as well as the CUP for liquor approved. The hoods, vents, and grease interceptors have all been installed and passed inspections. There is an outside patio space for outside dining as well. Located just north of Rose Avenue in the heart of Venice, this vibrant mixed-use property offers a rare opportunity to own in one of LA’s most sought-after neighborhoods. Main Street is a bustling hub of local culture, office users, retail, and dining.
The property is conveniently located less than 30 minutes from LAX. Venice’s iconic Abbot Kinney Boulevard is less than two minute drive away . This is an excellent opportunity to own a premier property in the perfect Venice location.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,700 SF
Building Class
B
Year Built
2019
Price
£9,805,125
Price Per SF
£1,127
Percent Leased
39%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.82
Land Acres
0.11 AC
Zoning
LAC2 - Commercial
Frontage
48 ft on Main Street

Amenities

  • 24 Hour Access
  • Corner Lot
  • Courtyard
  • Restaurant
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Air Conditioning
  • Balcony

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • Restaurant 1
  • 1,500 SF
  • Retail
  • -
  • Now

Ready for tenant improvements with hood, walk-in, plumbing, restrooms, and counter installed.

  • Restaurant 2
  • 3,800 SF
  • Retail
  • -
  • Now

A unique space for the discerning restaurateur with retail frontage, a front and back patio, basement level area for food prep, restrooms or wine storage.

Space Size Space Use Position Available
Restaurant 1 1,500 SF Retail - Now
Restaurant 2 3,800 SF Retail - Now

Restaurant 1

Size
1,500 SF
Space Use
Retail
Position
-
Available
Now

Restaurant 2

Size
3,800 SF
Space Use
Retail
Position
-
Available
Now

Restaurant 1

Size 1,500 SF
Space Use Retail
Position -
Available Now

Ready for tenant improvements with hood, walk-in, plumbing, restrooms, and counter installed.

Restaurant 2

Size 3,800 SF
Space Use Retail
Position -
Available Now

A unique space for the discerning restaurateur with retail frontage, a front and back patio, basement level area for food prep, restrooms or wine storage.

Walk Score ®
Walker's Paradise (94)
Bike Score ®
Biker's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Umami Burger
StretchLab
LA Fitness
Bareburger
Chase Bank
Whole Foods
Peet's Coffee
Gelson's Market
Gold's Gym
CrossFit

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4286-003-001
Land Assessment
£2,975,081
Improvements Assessment
£962,525
Total Assessment
£3,937,606
  • Listing ID: 33924847

  • Date on Market: 19/11/2024

  • Last Updated:

  • Address: 202 MAIN St, Venice, CA 90291

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