Commercial Land in Santa Monica, California, offers a unique investment opportunity for those looking to capitalize on the city's diverse economy and rich history. As a popular resort town with a strong presence of notable companies, Santa Monica provides an ideal environment for businesses to flourish. Commercial Land investments can represent a range of opportunities, from retail and office spaces to entertainment and hospitality ventures. With its prime location, Santa Monica offers easy access to major transportation facilities, including the Santa Monica Freeway, State Route 2, and Interstate 405, making it an attractive location for businesses that require convenient transportation options. The city's amenities, infrastructure, and geography also make it an ideal location for investments, with institutions like UCLA Medical Center, Santa Monica College, and the Santa Monica Pier providing a strong foundation for economic growth. Additionally, the city's strong sports presence, with events like beach volleyball and surfing during the 2028 Summer Olympics, will further enhance its appeal to businesses and tourists alike.
Santa Monica's Commercial Land market offers 17 listings, with an average price per square foot of $446 USD and an average size of 54,868 square feet. The largest available property spans 67,211 square feet, providing ample opportunities for investors. With an average cap rate of , Commercial Land investments in Santa Monica offer a promising return on investment. In addition to Commercial Land, Santa Monica also offers other property types, including office spaces, retail stores, and industrial properties, each with its own unique characteristics and investment opportunities. The city's diverse economy, strong infrastructure, and attractive location make it an ideal destination for businesses and investors alike, with attractions like the Santa Monica Pier, Palisades Park, and the Third Street Promenade drawing visitors from across the region.
What are common commercial uses for land in the Santa Monica market?
In the Santa Monica market, common commercial uses for land include office spaces, retail stores, and restaurants, which cater to the city's diverse economy and tourist attractions, such as the Santa Monica Pier and Third Street Promenade.
Additionally, the city's strong presence in the entertainment, technology, and music industries also drives demand for commercial land uses like soundstages, production facilities, and music venues, making Santa Monica an attractive location for businesses and investors alike, with 17 available listings of commercial land for sale.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Santa Monica, there are several common ways to do so. From working with a commercial real estate broker to scouring online listings like CityFeet.com, which currently features 17 available listings of commercial land for sale, to directly negotiating with landowners, the key is to find the right piece of land that fits your project's needs and budget.
For those new to land development, it's essential to understand the ins and outs of the process, which is why we recommend checking out our comprehensive guide on how to buy land, covering everything from finding the right property to navigating the due diligence process.
