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Mel's Drive-In 1670 Lincoln Blvd 4,800 SF Retail Building Santa Monica, CA 90404 $26,000,000 ($5,416.67/SF)
INVESTMENT HIGHLIGHTS
- High Profile, Generational Location
- High Growth & Development Friendly Market
- Unlimited Potential, Maximum Flexibility
- Home to the 2028 Summer Olympics
EXECUTIVE SUMMARY
Newmark Pacific is pleased to present to the market, the iconic Mel’s Drive-In (“Property”) located at 1670 Lincoln Blvd. in Santa Monica, California. Located at the hard corner of Lincoln Boulevard (PCH 1) and Olympic Boulevard, the primary on/off access to the Santa Monica 10 Freeway, this location is as iconic as it gets to Southern California.
The ideal 0.51-acre site with ± 4,800 square feet of improvements, leased through June 2029 provides a new owner the potential to leverage the exposure and identity of this corner parcel.
Prominent existing signage and the potential to enhance signage, provides owner-users, developers, or investors the opportunity to monetize the over 188,000 CPD passing by this site. Whether it’s significantly increasing revenue by implementing an LED sign program or leveraging the traffic to create limitless brand awareness and recognition, 1670 Lincoln Boulevard is an irreplaceable location that provides maximum year-around exposure.
The ideal 0.51-acre site with ± 4,800 square feet of improvements, leased through June 2029 provides a new owner the potential to leverage the exposure and identity of this corner parcel.
Prominent existing signage and the potential to enhance signage, provides owner-users, developers, or investors the opportunity to monetize the over 188,000 CPD passing by this site. Whether it’s significantly increasing revenue by implementing an LED sign program or leveraging the traffic to create limitless brand awareness and recognition, 1670 Lincoln Boulevard is an irreplaceable location that provides maximum year-around exposure.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,800 SF
Building Class
C
Year Built
1959
Price
$26,000,000
Price Per SF
$5,416.67
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.51 AC
Zoning
C4
Parking
20 Spaces (4.17 Spaces per 1,000 SF Leased)
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (76)
Bike Score®
Biker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4290-002-010 | Improvements Assessment | $541,216 |
| Land Assessment | $6,169,862 | Total Assessment | $6,711,078 |
PROPERTY TAXES
Parcel Number
4290-002-010
Land Assessment
$6,169,862
Improvements Assessment
$541,216
Total Assessment
$6,711,078
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Mel's Drive-In | 1670 Lincoln Blvd
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