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218-220 S Myrtle Ave 4,180 SF 36% Leased Retail Building Monrovia, CA 91016 $3,599,616 CAD ($861.15 CAD/SF)



EXECUTIVE SUMMARY
Subject property is a freestanding building featuring two separate units totaling 4,180 square foot situated in Monrovia on high-traffic retail street and surrounded by national tenants. Building has two separate units for various uses such as the current retail and high-end office with highly coveted Myrtle Avenue street frontage. Both units have front & back entrance and all utilities are separately metered. Building signage available on both sides of the building. Suite 218 is leased to a franchise pet shop. Suite 220 (available for lease) features high ceilings, professional receptionist counter and entry area, meeting room, large conference room with skylight, huge sales floor, two private executive offices, kitchen, storage room, and bathroom. Private parking in the back and plenty of City parking areas. Building is earthquake retrofitted. Truly a gem for owner-occupied investment property. Occupy one unit & collect immediate passive income from the other unit. High density area with shortage of developable land in this region. Building is located next to Bank of America, across from Citibank, and a high-traffic shopping plaza anchored by Vons Pavilions and Chase Bank. The City hosts a variety of events all year round including the weekly street fair every Friday that attracts many residents and even visitors from other cities. Also available for lease.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,180 SF
Building Class
B
Year Built
1928
Price
$3,599,616 CAD
Price Per SF
$861.15 CAD
Percent Leased
36%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.56
Lot Size
0.17 AC
Zoning
CD, Monrovia
Parking
6 Spaces (4 Spaces per 1,000 SF Leased)
AMENITIES
- Conferencing Facility
- Security System
- Signage
- Skylights
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 2,680 SF
- Office/Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,680 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 2,680 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
Walk Score®
Walker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $810,191 CAD | |
| Land Assessment | $1,453,413 CAD | Total Assessment | $2,263,604 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,453,413 CAD
Improvements Assessment
$810,191 CAD
Total Assessment
$2,263,604 CAD
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218-220 S Myrtle Ave
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