Land – 740 W garvey Avenue, Monterey Park, US -001-11-30T00:00:00-08:00
Finance available. Land Value 2 acres for sale on Prime SE Corner of Atlantic and Garvey walk to Time Square Plaza. High traffic intersection and Visibility with High Density Mixed-Use Redevelopment Site. **Existing plaza is currently renting out for NOI $65
740 W garvey Avenue, Monterey Park, US
$20,798,000 USD
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Address740 W garvey Avenue, Monterey Park
Price$20,798,000
Year Built2017
Bedrooms Total0
Lot Size (Sq.Ft.)87,120
Listing IDWS17179468
StatusActive
Parcel Number5257001042
ZoningCOMMERCIAL
Special ConditionsStandard
Days on Market136

Detailed Description: Finance available. Land Value 2 acres for sale on Prime SE Corner of Atlantic and Garvey walk to Time Square Plaza. High traffic intersection and Visibility with High Density Mixed-Use Redevelopment Site. **Existing plaza is currently renting out for NOI $650,000 a year, 95% lease and 95% lease expires in 2019. Collecting the Rent during redevelopment process, submit the plan till final approval for the new construction. ***Surrounded by strong mixed -use investment demand. Excellent redevelopment site proposes for retail, office, restaurants, hotel or residential with F. A. R 2.25. Please verify with City. Prime High Visibility Location and Easy access to Freeway #10,60 and 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 and 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. ****The separate corner vacant Land 21,028 sq.ft is also for sale $$$with building plan approval for approximately 6200 sq.ft with 4 retail stores or Buyer can resubmit the plan for high density F. A. R. Please verify with City.

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Address Information
Address740 W garvey Avenue, Monterey Park
Street SuffixAvenue
CityMonterey Park
Location (MLS Area)641 – Monterey Park
County Or ParishLos Angeles
CountryUS
Financial Information
Price per Square Foot$238.73
Price per Lot Square Foot$238.73
Special ConditionsStandard
Tax Year2000
Full Descriptions
Parcel Number5257001042
Detailed DescriptionFinance available. Land Value 2 acres for sale on Prime SE Corner of Atlantic and Garvey walk to Time Square Plaza. High traffic intersection and Visibility with High Density Mixed-Use Redevelopment Site. **Existing plaza is currently renting out for NOI $650,000 a year, 95% lease and 95% lease expires in 2019. Collecting the Rent during redevelopment process, submit the plan till final approval for the new construction. ***Surrounded by strong mixed -use investment demand. Excellent redevelopment site proposes for retail, office, restaurants, hotel or residential with F. A. R 2.25. Please verify with City. Prime High Visibility Location and Easy access to Freeway #10,60 and 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 and 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. ****The separate corner vacant Land 21,028 sq.ft is also for sale $$$with building plan approval for approximately 6200 sq.ft with 4 retail stores or Buyer can resubmit the plan for high density F. A. R. Please verify with City.
Lot FeaturesLot Over 40000 Sqft, Lot Shape-Flag, Lot Shape-Irregular
Community FeaturesSidewalks, Street Lighting, Urban
Water SourcePublic
View DescriptionCity Lights
Distance to WaterYes
Property parameters
Year Built2017
Lot Size (Sq.Ft.)87,120
ZoningCOMMERCIAL
Water SourcePublic
Listed withANNA HUI JU LIAO (IRN REALTY)