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Key Details
Sold Price $2,050,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID WS22143096
Sold Date 10/26/22
HOA Y/N No
Year Built 1942
Lot Size 0.499 Acres
Property Description
Best location for commercial property in city of El Monte. Cross street Peck Rd & Garvey Ave. Considered as the highest traffic exposure throughout the area. City had changed the zoning of this area to MMU (Mixed Multi Use) to accommodate the current growing demand & trend of retail and housing/apartment development in San Gabriel Valley. That plus all kind of other development opportunities. Some Examples of permitted use but not limited to (buyer needs to verify with city planning dept): car dealership, parking lot, mixed use residential commercial, school / educational, religious institution, church, assembly, office, medical, government facility, elder care / assisted living, child care, daycare, cannabis, grocery store, restaurant, food & beverage, pharmacy, showroom sales, tobacco, animal service, and more (Go to “elmonteca.gov/655” and click on Division 3 – Multiuse Zoning District to find out the extensive list of permitted use for this property.)
Property is currently used as car dealership. Owner is retiring and very motivated to sell. Business can be sold together with the property as well. It has 3 parcels with 3 separate APN (total lot size approx. 21,731 sf). Property’s address is 11203 – 11209 Garvey Ave, El Monte, CA 91733. The building has spacious offices and warehouse in the back for car maintenance and repair. The wide-open parking lot can hold 50 cars or more for car dealership business. The building square footage is approximated.
City of El Monte is rapidly growing due to close proximity to Metro station, Fwy 10 and downtown LA. Drive by this property and find out whether it’s the perfect location to build and setup your dream business.
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning mmu
Interior
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Connected, Phone Connected, Water Connected
Building
Lot Description Level, Rectangular Lot
Story 1
Water Public
Others
Tax ID 8566008023
Acceptable Financing Cash, Cash to New Loan, Submit
Listing Terms Cash, Cash to New Loan, Submit
Financing Cash
Special Listing Condition Standard
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Bought with RICHARD HAN • SUN PROPERTIES