Monrovia Old Town Jewel.

Description:

This property includes 501-503 S. Myrtle Avenue and 50-100 W. Lemon Avenue. It is a two-story mix-used building with retail and offices situated on the first floor, second story executive offices and a usable basement level that is currently rented as executive offices and storage areas.


This property is located in the heart of Old Town Monrovia, the city' s downtown historic commercial district. Situated on the busy signalized intersection of Myrtle Ave and Lemon Ave. The property is less than one block from the Krikorian theater and closely positioned adjacent to Old Town restaurants, retailers and office buildings. High-density residential uses surround the property including most closely The Colorado Commons with seventy two units total and parking structure with over 180 spaces also available for public parking use. The Monrovia Goldline station will be located about 1 mile south of this property which is expected to be open third quarter 2015. Both the 210 and 605 freeways are located in close vicinity with access via Myrtle Avenue. The property also enjoys the Monrovia Friday Night Family Street Fair every Friday evening.


Property Overview:
Premier corner location at the signalized intersection of Myrtle Avenue
and Lemon Avenue
Strong street visibility and pedestrian exposure in the heart of Old Town
Monrovia
Multi-story diverse mixed-use asset featuring retail and office tenancy

Total of 41 units providing multiple income streams
Low vacancy
Excellent accessibility near the I-210 Freeway and Metro Gold Line
Station
Positioned within one of the San Gabriel Valley's most desirable and
successful downtown districts

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