2240 Honolulu Ave - Storefront FOR SALE


Montrose, CA 91020
$2,895,000 USD
818-822-9320
2240 Honolulu Ave, Montrose, CA for Sale
$2,895,000 USD
Storefront - FOR SALE
1/16
null | Request Cap Rate

2240 Honolulu Ave
Montrose, CA 91020


HIGHLIGHTS

  • HIGHLY DESIREABLE CORNER RETAIL UNIT - 3,200 SQFT building on a 5,089 SQFT corner lot w/ high visibility and traffic
  • CENTRALIZED MONTROSE SHOPPING PARK LOCATION - Situated on the corner of Honolulu Ave and Market St. between Verdugo Rd. and Ocean View Blvd.
  • TURNKEY OWNER/USER OPPORTUNITY - Tremendous opportunity for an owner/user to take advantage of the location, exposure, and traffic of Honolulu Ave.
  • DEDICATED PARKING AND ADJACENT PUBLIC LOT - Public parking across the street a short distance from the subject property.
  • TREMENDOUS EXPOSURE AND VISIBILITY - Highly walkable corridor surrounded by a dynamic and affluent demographic
  • CR ZONING - Commercial Retail zoning is ideal for a multitude of commercial uses.

OVERVIEW

Specialized Realty proudly presents 2240 Honolulu Avenue, a remodeled 3,200 SF single tenant, corner retail unit centrally located on the corner of Honolulu Ave and Market Street. The property is situated on a 5,089 SF lot zoned CR (Commercial Retail) and is strategically located in the heart of the famous Montrose Shopping Park. Body Lounge LA, is a high-end wellness and therapy boutique. A similar user can instantly plug & play, adapting and customizing the build-out to their needs. It is also well-positioned for an owner/user occupancy, taking advantage of the immense exposure, high ceilings, natural light, foot traffic, nearby public parking, and walkability of the historic Shopping Park. The property has been improved with new tile flooring, interior paint, electrical panel, and main sewer line. It features approx. 11.5 feet clear height, rear access and three (3) rear parking spaces, a ratio of 0.94 per 1,000 SF. The subject is located less than a mile from the 210 and 2 major Freeways on the most sought-after corridor of Montrose. **Property will be delivered vacant at COE**

FOR SALE DETAILS

PRICE

$2,895,000 USD

PRICE/SF

$905 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

CR

APN/PARCEL ID

5615-001-012

ASK ABOUT THIS PROPERTY

Albert KarchikianSpecialized Realty, Inc.More Info
818-822-9320

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Albert KarchikianSpecialized Realty, Inc.More Info
818-822-9320

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.