Owner David Cooley Is Ready To Part With A Piece of West Hollywood History
In a surprising move, The Abbey and The Chapel at The Abbey, two of the world’s most renowned nightclubs and restaurants, along with their tangible and intangible assets, branding rights, and trophy real estate, are up for sale. This purchase opportunity presents a unique chance to own a piece of history and become part of the thriving West Hollywood nightlife scene. West Hollywood seems to be going through a sea change, with a number of iconic establishments closing or being sold in the last three years.
The Abbey, located at 686 N Robertson Blvd in the heart of West Hollywood, California, has established itself as a global destination for bar-hoppers, food enthusiasts, and event-goers. Since its inception in 1991, The Abbey has garnered international recognition, winning prestigious awards such as “Best Gay Bar in the World” from Logo and MTV, “Best Gay Bar in Los Angeles” from LA Weekly and LA Weekly Reader’s Choice, “Best Nightlife in Los Angeles” from USA Today, and many more.
With its diverse clientele, vibrant ambiance, and a constant lineup of events and theme nights, The Abbey has become an integral part of the LGBTQ+ community and a beloved establishment worldwide. Over the years, the business has built a strong and loyal customer base, making it a staple in the West Hollywood landscape.
In 2016, The Abbey expanded its footprint by acquiring the neighboring property to the north and rebranding it as The Chapel at The Abbey. This strategic move further solidified The Abbey’s presence and allowed for greater flexibility in hosting larger events and gatherings. The Chapel at The Abbey, located at 694 N Robertson Blvd, is also included in this unique purchase opportunity.
Situated on N Robertson Boulevard, just south of the signalized corner with Santa Monica Boulevard, both The Abbey and The Chapel at The Abbey benefit from a prime location in West Hollywood. The properties enjoy immediate proximity to notable landmarks such as the Pacific Design Center, the recently renovated West Hollywood Park, and its expansive 75,000-square-foot recreation center. Additionally, the area boasts a plethora of major retailers, restaurants, and bars within walking distance, contributing to the vibrancy and allure of the locale.
The Abbey and The Chapel at The Abbey boast impressive walk scores of 94 (“Walker’s Paradise”) and benefit from high traffic counts. N Robertson Boulevard sees over 31,000 vehicles per day, while Santa Monica Boulevard, a major thoroughfare, experiences a staggering 61,000 daily vehicle count. These exceptional traffic numbers further enhance these iconic establishments’ visibility and potential footfall.
The sale includes the fee simple interest in The Abbey’s real estate, located at 686 N Robertson Blvd, and the leasehold interest in The Chapel at The Abbey’s real estate, located at 694 N Robertson Blvd. The leasehold interest is set to expire in May of 2025 but includes three additional five-year options, providing ample opportunity for long-term investment and growth.
Financial details regarding the businesses are available upon request, allowing prospective buyers to make an informed decision based on the thriving success of these establishments. This generational purchase opportunity presents a rare chance to acquire thriving businesses with a global reputation and prized real estate in one of the world’s most vibrant entertainment districts. Interested buyers are encouraged to explore this unique proposition and embrace the potential of owning and operating The Abbey and The Chapel at The Abbey, solidifying their place in the storied history of West Hollywood’s nightlife.
The property’s listing agents are Marcus & Millichap of the Brandon Michaels Group and can be viewed on their website.
