1530 S Myrtle Ave 4,736 SF Retail Building Monrovia, CA 91016 $1,950,000 ($411.74/SF)

Located in the heart of Monrovia, 1530-1536 S Myrtle Avenue presents a one-of-a-kind development opportunity with three contiguous parcels, offering a combined area for a variety of commercial, residential, or mixed-use projects. Delivered vacant as a 4,736-square-foot standalone single-story retail building, this offering has the potential to be renovated or demolished for future development.

Currently, the site consists of two commercial buildings formerly used as a women's clothing and accessory boutique. The layout features an expansive storefront space, a showroom space, a large fitting room area, an on-site bathroom, a workshop, a merchandise closet, office space, and a dedicated shipping and receiving area. There is abundant parking on-site to accommodate guests and employees at the site. This space could be suited for a variety of retail uses, such as pet grooming, bridal shops, bakeries, coffee shops, and more.

Also offering a three-parcel development opportunity, 1530-1536 S Myrtle Avenue boasts excellent zoning potential, allowing for a range of development options to meet the growing demand for housing and retail in this thriving area. With proximity to local amenities, including shopping centers, restaurants, schools, and parks, this site is well-suited for a new development that could cater to both the community and visitors.

Strategically positioned, this commercial site is just minutes from Downtown Monrovia. This proximity offers easy access to major transportation routes, including the 210 Freeway and the Gold Line Metro, ensuring maximum visibility and convenience. Monrovia is experiencing rapid growth, with numerous multifamily developments currently underway a few blocks away. Over 54% of the area's population rent their homes, proving 1530-1536 S Myrtle Avenue a great option for a new residential destination.

Whether you're a developer looking to create a new residential complex, mixed-use project, or commercial center, 1530-1536 S Myrtle Avenue offers the space and flexibility needed to bring any vision to life. Don't miss out on this exceptional opportunity in one of the San Gabriel Valley's most desirable cities.