NAI Capital, as the exclusive advisor to ownership, is proud to offer for sale the El Monte Mall Building, a former department store positioned in the heart of El Monte’s historic Main Street retail corridor. Originally constructed in 1955, the building consists of approximately 39,000 square feet distributed across three levels, including the ground floor, basement level, and a second-floor mezzanine. Each level encompasses approximately 13,000 square feet. The building is served by an elevator and features a spacious central staircase that provides efficient circulation between the ground and basement levels.
This value-add asset is currently operating as an indoor marketplace with 20 tenants within the ground floor and basement level. The mezzanine is mostly vacant and used for storage. The retail shops are currently about 68% occupied, allowing a potential investor to continue operating under the same concept and continue the lease up or change the concept to a new use.
This opportunity is centrally located within the El Monte Mall retail corridor. The building is walking distance to the El Monte Metrolink station connected to the San Bernardino Line that runs from Downtown Los Angeles to Redlands. The densely populated area has over 500,000 total population and over $100,000 average household income within a 5 miles radius.