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1231 3rd Street Promenade
Santa Monica, CA 90401 Downtown Santa Monica

$47,500 USD/MO

Storefront For Lease  •  8,500+ SF

Property Details

  • Property Type Storefront
  • Year Built 1962
  • Total Building Size 38,500 SF
  • Tenancy Multiple
  • Building Class A
  • Zoning BCD
80 Transit Score
80 Walk Score

4 Spaces Available

Name Space Use Size Rent Details
Bsmt Floor Ste Office/Retail 10,000 SF Rate Upon Request 
Expansive basement space with functionality and access to restrooms.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: To Be Determined
  • Built out as: Professional Services
  • Space Type: Relet
  • In Contiguous block: 38,500 SF
1st Floor Ste Retail 10,000 SF $57.00 USD/SF/YR 
1231 3rd Street sits in one of L.A.’s highest foot traffic locations with more than 4.5 million annual visitors. Steps to Wilshire Blvd, ideal for retail, fitness, or creative office, with potential for a roof deck. Locally owned visionary landlord. Ground floor space has attractive appeal with high volume foot traffic. Possible to lease complete building for one-of-a-kind HQ property or retail experience.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Modified Gross
  • Built out as: Specialty
  • Space Type: Relet
  • In Contiguous block: 38,500 SF
2nd Floor Ste Office/Retail 10,000 SF $47.40 USD/SF/YR 
2nd floor space with private ground floor entry. Dramatic ceiling height, front facing balcony, and renovation upside with possible use of rooftop. Currently in use as fitness facility.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Modified Gross
  • Built out as: Standard Retail
  • Space Type: Relet
  • In Contiguous block: 38,500 SF
3rd Floor Ste Roof Office/Retail 8,500 SF $47.40 USD/SF/YR 
Rooftop space with potential for additional activation. Landlord willing to provide TI.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Modified Gross
  • Built out as: Standard Retail
  • Space Type: Relet
  • In Contiguous block: 38,500 SF

Description 

Positioned in the heart of one of Los Angeles’ most iconic pedestrian corridors, 1231 3rd Street Promenade offers a rare opportunity to lease a full-building presence in a high-visibility, high-foot-traffic location. With over 4.5 million annual visitors and a Walk Score of 96, this Santa Monica gem is ideal for retail, gym, or creative office users seeking a dynamic, amenity-rich environment.

The building spans four levels, including a dramatic ground floor currently configured as a pickleball facility, a second floor and rooftop previously used for gym / fitness, and a basement with flexible potential. Ceiling heights range from 10’8” to over 15’, offering volume and adaptability for a variety of concepts. The rooftop presents a unique opportunity to activate outdoor space in a vibrant urban setting.

Located steps from Wilshire Boulevard and surrounded by top-tier co-tenants like Apple, Hillstone, and Sugarfish, the property benefits from unmatched visibility and access to public parking structures. The landlord is local, experienced, and open to negotiable terms and tenant improvements, making this a compelling option for visionary operators.

Highlights

Former Adidas flagship with dramatic façade and modern presence
Prime location on 3rd Street Promenade with over 4.5 million annual visitors
Local, well-capitalized landlord
Multiple Uses Possible

Property Flyers

Public Transportation

Transit/SubwayDriveWalkDistance
Downtown Santa Monica (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 10 min 0.5 mi
AirportDriveWalkDistance
Los Angeles International 19 min - 9.1 mi
Bob Hope 34 min - 23.0 mi
Long Beach (Daugherty Field) 39 min - 29.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Jake Zacuto 310-469-9012 Zacuto Group
Jake Zacuto 310-469-9012 Zacuto Group