780 W Garvey Avenue
108,148 sq. ft.
Offered at: $24,998,000
Region: 641 - Monterey Park
740 to 780 W Garvey. Finance available. ** Land Value 2.48 acres for Sale on the Most Prime Corner Land of Atlantic and Garvey. APN#5257-001-085 & 042 in hart of Downtown Monterey Park walk to Time Square Plaza. High traffic intersection & Visibility with High Density Mixed-Use Redevelopment Site for retail, office, restaurant and Hotel / residential. F.A.R 2.25, Please verify with City. ***Existing Plaza is currently renting out for NOI approx. $650,000 a year, 95% lease and 95% lease expire in 2019. Collecting the Rents during the redevelopment process, submit the plan till final approval. **** Surrounded by strong mixed -use investment demand. *****Prime High Visibility Location and Easy access to Freeway #10, 60 & 710 with a daily traffic count in excess of 70,000 cars per day. Walk to Time Square Plaza, restaurants, shops, theater, bank, Supermarkets, Residents & Courtyard by Marriott under construction. Minutes to Cal State Los Angeles, San Marion, Pasadena, San Gabriel Valley and approximately 7 miles to Downtown Los Angeles.
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