Mel's Drive-In — Sale in Santa Monica, CA
- Price: $26M
- Listing type: For sale
- Asset type: Retail Business
- Location: Santa Monica, CA 90404
- Size: 4,800 SF
Photos
Description
Newmark Pacific is pleased to present to the market, the iconic Mel’s Drive-In (“Property”) located at 1670 Lincoln Blvd. in Santa Monica, California. Located at the hard corner of Lincoln Boulevard (PCH 1) and Olympic Boulevard, the primary on/off access to the Santa Monica 10 Freeway, this location is as iconic as it gets to Southern California. The ideal 0.51-acre site with ± 4,800 square feet of improvements, leased through June 2029 provides a new owner the potential to leverage the exposure and identity of this corner parcel. Prominent existing signage and the potential to enhance signage, provides owner-users, developers, or investors the opportunity to monetize the over 188,000 CPD passing by this site. Whether it’s significantly increasing revenue by implementing an LED sign program or leveraging the traffic to create limitless brand awareness and recognition, 1670 Lincoln Boulevard is an irreplaceable location that provides maximum year-around exposure.
Market Context
This retail in Santa Monica, CA is listed for sale at $26,000,000 across 4,800 SF. Compare it against other retail listings for sale in Santa Monica, CA — view the full market.
As of Q2 2026, the Greater Los Angeles retail market showed a 5.6% vacancy rate, and average asking rents near $34.14/SF/yr. Source: multiple brokerage reports, Q2 2026.
Tight vacancy keeps competition for quality space elevated.
Retail market FAQ
- Is the Greater Los Angeles retail market tightening or softening?
- Vacancy is around 5.6% (Q2 2026).
Estimated Price per SF
$237.99/SF – $1,731/SF
Mid: $721.17/SF
Estimated price for 4,800 SF: $3,461,616 (range $1,142,352 – $8,307,888)
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Bill Bauman · 1213298-3593 · bill.bauman@nmrk.com
- Bill Bauman · 1213298-3593 · bill.bauman@nmrk.com
- Kyle Miller · 1310227-0826 · kyle.miller@nmrk.com
Explore this market
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