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- LoopNet Team
534 S Myrtle Ave
Monrovia, CA 91016
The Monrovia Family Restaurant · Property For Lease
HIGHLIGHTS
- Turnkey Restaurant or Value-Add Retail In the heart of Old Town Monrovia on Myrtle Ave & Colorado Blvd!
- Significant amounts of capital expenditures have been made to rehab and equip the property (estimated ±$450,000).
- Catering
- Newly installed full-service bar and top of line equipment including Pizza & Bakery Ovens that will be included in the lease.
- Unique Two-Story Restaurant/Bar with great views in Old Town Monrovia!
- Second Floor Event Space with Built in Bar
PROPERTY FACTS
| Property Type | Retail | Year Built/Renovated | 1958/1985 |
| Property Subtype | Restaurant | Parking Ratio | 2.5/1,000 SF |
| Gross Leasable Area | 10,816 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 10,816 SF |
| Year Built/Renovated | 1958/1985 |
| Parking Ratio | 2.5/1,000 SF |
ABOUT THE PROPERTY
The Old Monrovia Restaurant was a staple to Monrovia for decades and this location is now available for lease. With an A+ location in the heart of Old Town Monrovia comes with a fully operational kitchen and pizza oven along with all of the tables, chairs, plates, utensils, computers, ipads and TVs. Everything left by the previous owners is included in the lease. The full 47 liquor license can also be transferred into the new lessee's name. The current owners just installed 7 brand new 3 phase HVAC systems and recoated the entire roof with silicone that repelled those California storms with ease. The owner would prefer to lease the entire space to a single tenant. This space can accomadate catering, events and a flag ship restaurant.
- Bus Line
- Corner Lot
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Air Conditioning
