8450 W 3rd St | High-Profile Restaurant Space in Beverly Grove with Grandfathered Type 47 License

Situated in the heart of Beverly Grove along the vibrant West 3rd Street corridor, this premier 4,250 SF restaurant space offers a fully built-out, second-generation hospitality venue with unmatched style and pedigree. Previously home to a renowned restaurant brand, the space benefits from a $5M+ investment in interior buildout and features a grandfathered Type 47 liquor license with no operating restrictions. With exposure to heavy foot traffic, affluent demographics, and proximity to celebrated neighbors like Joan’s on Third and The Little Door, this listing presents an ideal turnkey opportunity for upscale dining or experiential concepts seeking a central, high-visibility location.

Deal Points

• Asking Rent: $26,000/ month
• plus NNN (NNN are estimated $1,500/ month)
• Size: Appx 4,250 SF (total)
  • Ground Floor: 3,280 SF
  • Mezzanine: 970 SF
• Lease: New direct lease with landlord
• No Key money
• Former tenant invested in excess of $5 million for buildout
• Type-47 grandfathered liquor license with no operating restrictions
• Permitted Hours of Operation: 2AM, 7 days per week

Parking

• 1 ADA-compliant parking space with loading zone
• 1 standard parking space
• Ample metered street parking nearby