506 S Myrtle Ave - Storefront FOR SALE


Monrovia, CA 91016
$1,600,000 USD
310-651-1800
506 S Myrtle Ave, Monrovia, CA for Sale
$1,600,000 USD
Storefront - FOR SALE
1/33
null | Request Cap Rate

506 S Myrtle Ave
Monrovia, CA 91016


HIGHLIGHTS

  • Situated in Monrovia’s historic Old Town district with strong pedestrian activity.
  • Recently renovated with approximately $350,000 in upgrades, including new HVAC and kitchen build-out.
  • Turnkey retail space suitable for restaurant or specialty retail operations.
  • Excellent accessibility near the 210 Freeway and Metro Gold Line station.
  • Surrounded by established dining, retail, and entertainment destinations.

OVERVIEW

Located in the heart of Old Town Monrovia, this property offers a rare opportunity to acquire a fully built-out retail space along one of the San Gabriel Valley’s most vibrant and walkable main streets. The 2,360-square-foot building has undergone significant upgrades, including a new roof coating, new Daikin HVAC units, a commercial-grade kitchen, and modernized restrooms. These improvements position the property as a turnkey solution for food and beverage operators or other retail concepts seeking minimal upfront investment. The property benefits from exceptional visibility and consistent foot traffic, surrounded by a mix of locally owned shops, restaurants, and entertainment venues. Its proximity to the Metro Gold Line and the 210 Freeway ensures convenient regional access while maintaining a charming small-town atmosphere. This asset is ideal for owner-users or investors looking for long-term value in a submarket where properties rarely change hands. The current business, Stinky Boba, may be included in the sale but is not required, offering flexibility for future use.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$678 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

506 S Myrtle Ave. Monrovia, CA 91016-2814

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,805 SF

ZONING

HCD

APN/PARCEL ID

8516-022-013

ASK ABOUT THIS PROPERTY

Daniel ShamooelianKW Commercial Beverly HillsMore Info
310-651-1800

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Daniel ShamooelianKW Commercial Beverly HillsMore Info
310-651-1800

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