Office & Industrial | 700-716 Colorado Ave
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Office & Industrial 700-716 Colorado Ave
20,348 SF Industrial Building Santa Monica, CA 90401 For Sale
Investment Highlights
- Development Opportunity
- Excellent Westside Location - Downtown Santa Monica
- TA (Transit Adjacent Zoning) - 100+ units possible
- Silicon Beach Drivers
Executive Summary
WESTMAC Commercial Brokerage Company, VonBerge CRE, and L.A. Realty Partners are pleased to offer for sale, 700-716 Colorado Avenue, ±20,165 square feet (per ALTA Survey) of developable land comprised of two commercial buildings totaling approximately ±20,348 square feet in Santa Monica, CA.
Ideally situated blocks from Third Street Promenade along major Colorado Avenue in Downtown Santa Monica, the property gives way to unmatched walkability and excellent access to transit, including the Metro E Line, Pacific Coast Highway and the 10 Freeway. The property falls under Santa Monica’s Transit Adjacent (TA) zoning district, which is part of Santa Monica’s Downtown Community Plan.
With its unique combination of construction types and visibility, the Property offers tremendous flexibility to accommodate a variety of uses, or a mixed-use development with a 4:1 FAR (for Tier 3 – with Housing), possible 7 stories allowable height, and 101 possible units.
700-716 Colorado Avenue is a rare opportunity for buyers looking to transform this site into a vibrant, modern, and adaptable facility that will fit seamlessly within Santa Monica’s work-play standard of living.
Ideally situated blocks from Third Street Promenade along major Colorado Avenue in Downtown Santa Monica, the property gives way to unmatched walkability and excellent access to transit, including the Metro E Line, Pacific Coast Highway and the 10 Freeway. The property falls under Santa Monica’s Transit Adjacent (TA) zoning district, which is part of Santa Monica’s Downtown Community Plan.
With its unique combination of construction types and visibility, the Property offers tremendous flexibility to accommodate a variety of uses, or a mixed-use development with a 4:1 FAR (for Tier 3 – with Housing), possible 7 stories allowable height, and 101 possible units.
700-716 Colorado Avenue is a rare opportunity for buyers looking to transform this site into a vibrant, modern, and adaptable facility that will fit seamlessly within Santa Monica’s work-play standard of living.
Property Facts
Amenities
- Bus Line
- Commuter Rail
- Fenced Lot
- Signage
- Skylights
- Storage Space
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Marco Polo Imports - Ground Floot 716 Colorado Ave
- -
- 4,000 SF
- -
- -
- Vital Idea, Inc
- Public Administration
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Marco Polo Imports - Ground Floot 716 Colorado Ave | - | 4,000 SF | - | - | ||
| Vital Idea, Inc | Public Administration | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 10,000-20,348 SF | Office | Shell Space | Now |
1st Floor
| Size |
| 10,000-20,348 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
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1st Floor
| Size | 10,000-20,348 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
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Walk Score ®
Very Walkable (87)
Transit Score ®
Excellent Transit (78)
Bike Score ®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 4290-001-016 | Improvements Assessment | $371,718 CAD |
| Land Assessment | $17,731,126 CAD | Total Assessment | $18,102,844 CAD |
PROPERTY TAXES
Parcel Number
4290-001-016
Land Assessment
$17,731,126 CAD
Improvements Assessment
$371,718 CAD
Total Assessment
$18,102,844 CAD
zoning
| Zoning Code | DCP-TA (Transit Adjacent) |
| DCP-TA (Transit Adjacent) |
-
Christian Holland
-
Power Broker
Chris Houge
-
George Gleason
-
T.C. Macker, CCIM
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Office & Industrial | 700-716 Colorado Ave
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