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INVESTMENT HIGHLIGHTS
- Heavy traffic corner lot on half acre
- 16 ft High ceilings
- Fantastic creative property ready to be repurposed
- Gated Parking / Contractors Yard
EXECUTIVE SUMMARY
601 E Garvey Ave in Monterey Park, CA presents an exceptional opportunity for the repurposing of asset for any buyer. The property has been rezoned by the city for commercial services (CS), providing plenty potential for any creative buyer to capitalize on its strategic repositioning.
Buyers are encouraged to verify their intended use with the city, ensuring compliance with zoning regulations and maximizing its commercial potential. All tenants on the property currently operate on a month-to-month basis, offering the flexibility for the property to be delivered vacant for potential redevelopment or repurposing.
The property features a back building constructed with cinderblock, boasting three roll-up doors and 16-foot high ceilings. The back area is
gated, providing security and privacy for potential commercial use. Additionally, the property offers ample parking on a large lot, catering to the needs of future businesses or tenants.
Situated at a corner location with ingress from Garvey and egress on Rural, the property enjoys high visibility and accessibility. The highly sought-after neighborhood adds to the property's attractiveness for potential commercial ventures.
It's important to note that all tenants should not be disturbed. The unique features and commercial potential of 601 E Garvey Ave make it an attractive prospect for buyers looking to capitalize on the evolving commercial landscape in Monterey Park. Property will/can be delivered vacant.
Buyers are encouraged to verify their intended use with the city, ensuring compliance with zoning regulations and maximizing its commercial potential. All tenants on the property currently operate on a month-to-month basis, offering the flexibility for the property to be delivered vacant for potential redevelopment or repurposing.
The property features a back building constructed with cinderblock, boasting three roll-up doors and 16-foot high ceilings. The back area is
gated, providing security and privacy for potential commercial use. Additionally, the property offers ample parking on a large lot, catering to the needs of future businesses or tenants.
Situated at a corner location with ingress from Garvey and egress on Rural, the property enjoys high visibility and accessibility. The highly sought-after neighborhood adds to the property's attractiveness for potential commercial ventures.
It's important to note that all tenants should not be disturbed. The unique features and commercial potential of 601 E Garvey Ave make it an attractive prospect for buyers looking to capitalize on the evolving commercial landscape in Monterey Park. Property will/can be delivered vacant.
PROPERTY FACTS In Escrow
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
9,042 SF
Building Class
C
Year Built
1958
Price
$3,400,000
Price Per SF
$376.02
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.56 AC
Zoning
MPCM* - Commercial Manufacturing
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5258-003-028 | Improvements Assessment | $250,893 |
| Land Assessment | $159,342 | Total Assessment | $410,235 |
PROPERTY TAXES
Parcel Number
5258-003-028
Land Assessment
$159,342
Improvements Assessment
$250,893
Total Assessment
$410,235
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601 E Garvey Ave
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