Los Angeles Retail for Lease - Downtown Los Angeles
701 W 7th Street | 655 S Hope Street presents an exceptional retail opportunity, featuring a two-story flagship storefront suitable for retail or restaurant use, as well as a passenger hallway space located in the core of Downtown Los Angeles. Facing directly the popular JOEY DTLA restaurant, positioned at the intersection of major transit routes, dense residential neighborhoods, and premier dining destinations, this prominent retail offering shows substantial scale, robust infrastructure, and adaptable configurations for prospective tenants.
701 W 7th Street offers approximately 4,265 square feet of retail space, previously occupied by a restaurant, and spans two levels. The first floor features an open storefront suitable for bar or restaurant seating, a rear kitchen area with a pizza oven, restrooms in build-to-suit condition, and an additional storage or freezer room. A prominent, monumental staircase serves as a focal point and leads to the upper level, which includes an open area overlooking 7th Street, a secondary bar space, and a rear office. This lower-level suite is currently delivered as a complete shell, as the previous tenant removed some interior improvements; however, most plumbing, electrical, and HVAC infrastructure remains in place and in good condition. An outdoor patio area is also included and can be used for seating or garden space. This patio may be gated with a roll-up grille at night for added security. While the space is slightly elevated from the sidewalk and accessed by a few steps at the front entrance, it maintains strong visibility.
This unique retail offering at 701 W 7th Street can accommodate a wide range of uses, including a nightclub, bar, dance venue, or a national quick-service restaurant or full-service restaurant concept. Ownership is also open to repositioning the space for alternative uses such as a gym or fitness center, studio space, community event center, club or association space, or a cultural institution. The space is currently offered at a competitive rate to reflect any required updates, and terms are flexible.
Additionally, a 600-square-foot secondary underground space is available, including 40 square feet of storage at 655 S Hope Street, with direct Metro access. It features an open layout, in-unit restroom, and pick-up window (no hood), and previously housed Dunkin'. This exclusive space is ideal for transit-friendly uses, such as a convenience store, coffee or sandwich shop, or juice bar.
Nestled beneath a 17-story, 80-unit residential high-rise, 701 W 7th Street | 655 S Hope Street benefits from a built-in customer base directly above. The property is adjacent to the 7th Street/Metro Center Station, the central transit hub connecting subways throughout the entire Los Angeles area, including a future direct connection to Los Angeles International Airport (LAX). It is positioned in a highly desirable area off 7th Street, near The Bloc shopping mall and popular dining destinations such as JOEY DTLA and Sugarfish, as well as the Sheraton Grand Los Angeles hotel. The area is seeing continued revitalization initiatives in preparation for the upcoming Olympic Games, further enhancing the neighborhood’s appeal.
