TREMENDOUS OWNER-USER OR VALUE-ADD REPOSITION OPPORTUNITY. The property presents a once in a generation opportunity to reposition one of Santa Monica’s most iconic buildings which comprise a Half City Block.
174 KINNEY STREET
(Former Enterprise Fish Co. Restaurant + Open Air Patio Space + One Block From Beach + Immediate Public Parking Access +/- 217 Stalls). A Santa Monica Institution with 40 years of successful operation has closed its doors (ownership retirement). The fully built out / full-service restaurant space underwent a substantial $750,000 remodel in 2018. The space is +/- 10,304 SF and includes:
• Large Open Ceiling Dining Area (Booths + Tables), Full-Service Bar, Multiple Kitchens / Food Prep Areas, POS Stations, Private Offices, Outdoor Patio + Bar, Private Events Room, + Much More.
• The Space Is Fully-Loaded, Presenting A Unique Opportunity For A New Operator To Launch Their Concept With Many Of The Needed Improvements Already In Place, or a Value-Add Investor to reposition the space with a Restaurant, Food Hall, Creative Office or other commercial uses. The FF&E and Liquor License are also available for sale.
• Outstanding Creative Office reposition opportunity with attractive open wood truss ceiling, large adjacent outdoor patio area, world class neighboring amenities (coastal weather, beach/ocean, restaurants, bars, shopping) and convenient access to public parking.
169-175 PIER AVE
(Retail / Office Building)
Located on the same parcel, 169-175 Pier Ave is a multi-tenant retail/office building with two ground floor retail tenants and multiple small footprint office tenants upstairs (private professional services). This portion of the property presents an opportunity for an investor to add value by taking advantage of short-term tenancy and pushing to market rents through minor space improvements. The property also offers HVAC, separate bathrooms for all ground floor units and common bathrooms on 2nd level.