The ZAG store building on the SWC of Main St and Pier Ave is for lease ($75/SF/year) or for sale ($9.50 MM). The listed1 lease floor area is 5,018 SF – so that works out to be $0.38 MM / year. The 6,300 SF lot is Santa Monica zoned Mixed-Use Boulevard Low (MUBL). MUBL zoning is intended to facilitate broad, pedestrian-friendly sidewalks with local-serving uses.
The building is currently the flagship store for ZAG Heroez a media brand owned by the French TV animation production company Zagtoon. Created by Jeremy Zag, the brand specializes in superhero / action shows for children.
The store opened in 2019, but has been open “by appointment only” for several years - disappointing many walk-up visitors.
The building was constructed in 2001 – replacing a long time parking lot. The Building Permit shows a 1-story plus mezzanine building of 3,483 SF floor area and 11 parking spaces.
From 2002 to 2006, the building housed a retail store for Robert Kennedy’s now defunct Musclemag International.
From 2007 to 2009, the Closet selling both men's, women's, denim and accessories fashion of chic international styles with a relaxed California vibe, occupied the building. The now defunct Closet, in addition to Santa Monica, had 4 locations in Orange County.
From 2010 to 2016, the now defunct 220 Fitness occupied the building. To accommodate zoning for a gym which requires 15 parking spaces, a stacked-parking system, where vehicles are lifted onto a steel frame, was utilized. The gym received a Conditional Use Permit and a Parking Variance.
In 2017, the vacant building sold for $7.25 MM.
Bonus material - What the City’s Sign Code didn’t allow
Bring your tape measure: (a) the 2000 building permit has 3,483 SF with 11 parking spaces, (b) the 2017 sale has 4,350 SF with 11 parking spaces, and (c) the current listing has 5,018 SF with 10 parking spaces.