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Newmark is pleased to present the opportunity to acquire the fee-simple interest in 202 Main Street, an 8,700 square foot mixed use building in Venice, California.
Situated on Main Street, the property benefits from its coveted location on the border of Venice and Santa Monica. Retail and apartment buildings have thrived in this prime Los Angeles location due to its proximity to the beach, abundant retail locations, and the influx of large tech tenants into the area. The property also stands to benefit from its extensive remodel which included a new, modern façade, two luxury apartment units, a full kitchen and bar, and a large rooftop deck.
Currently, the building is 68% occupied by three tenants, which include a ground floor restaurant/market and two residential tenants. The property’s only vacancy is a 2,800 square foot commercial unit on the ground floor, that features a large outdoor area and basement, ideal for an owner/user.
The property’s luxurious buildouts and coveted Venice/Santa Monica location make 202 Main Street the perfect live/work opportunity.
