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Investment Highlights

  • Located in Monrovia’s premier downtown retail corridor with strong pedestrian activity
  • Adaptable layout for multiple retail concepts or high-end office usage
  • Surrounded by upscale tenants and supported by robust local demographics
  • Offered at $2,580,000 for approximately 4,180 SF of retail space
  • Freestanding building featuring two separate units

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
2,680 SF
Building Class
B
Year Built
1928
Price
$3,507,510 CAD
Price Per SF
$1,308.77 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.16 AC
Zoning
CD, Monrovia
Parking
6 Spaces (2.24 Spaces per 1,000 SF Leased)

Amenities

  • Conferencing Facility
  • Security System
  • Signage
  • Skylights
  • Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Nearby Major Retailers

Starbucks
Vons
Bank of America
Citi
Chase
MOOYAH Burgers, Fries & Shakes
Citizens Business Bank
CrossFit
Camp Transformation Center
Banner Bank

Property Taxes

Property Taxes

Parcel Number
8516-005-018
Land Assessment
$1,307,127 CAD
Improvements Assessment
$653,562 CAD
Total Assessment
$1,960,689 CAD
  • Listing ID: 34382491

  • Date on Market: 2025-01-06

  • Last Updated:

  • Address: 218-220 S Myrtle Ave, Monrovia, CA 91016

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