728 MONTANA Avenue, Santa Monica, California
728 MONTANA Avenue, Santa Monica, California 90403 - We are proud to present to market "Montana@Lincoln Crossing", a prominent Mixed Use asset located in the eternally hip city of Santa Monica along the fabled Montana Ave at the intersection with Lincoln Blvd. The asset is composed of two parcels: one that is the corner property that is 60 feet fronting Montana and 100 feet fronting Lincoln; and, a second that is 50 feet by 150 feet used for parking that is primarily entered off of Lincoln with an alley access to Montana. The 3 ground level retail spaces have mostly 5-year leases with extendable terms providing a high degree of income security. The 6 residential studio loft units above on the 2nd level have high ceilings and large private balconies, presenting a potential upside opportunity by realizing market rents in these premium units. 4 of the 6 units are not subject rent control. CALL FOR OFFERS on May 18.
Listing Courtesy of RE/MAX ESTATE PROPERTIES