Paul Kott Realtors, Inc. Commercial Division is pleased to present a freestanding professional/medical office property consisting of approximately 5,007-square feet of building situated on a 15,808-square foot lot. This offering represents a rare opportunity for a medical/professional office/ owner/user or investor to purchase a well-maintained modern architecture building near the Arcadia borderline. The subject property is conveniently located 1/2 mile to Arcadia and less than one mile to the 210 freeway. It is situated midblock with street parking and excellent frontage on Duarte Road. The property maintains a 4:1,000 parking ratio (21 parking spaces) and is grandfathered (legal non-confirming) for medical/professional office use. The building is constructed of block, woodframe and stucco, offers five restrooms two of which are ADA compliant.
NOTE: property is currently occupied by the Owner (Monrovia Auto Body) and all showings MUST be scheduled with Broker first. +/-10,000 SF industrial building that is currently occupied by Monrovia Auto Body and Diaz Upholstery Supplies. Seller may consider selling Auto Body business separately. Property being sold in "As Is" condition. There is also a large fenced yard area. Excellent property for another auto body or light industrial user. Also note that ceiling height varies due to building design.
"Historic Lighting" Building - Located in the heart of Old Town Monrovia across the street from the Krikorian Theater and down the block from City Hall, this is truly a once-in-a-lifetime opportunity. The property can be used for many purposes, such as: Restaurant, Retail, Office, Manufacturing, Warehouse, or a mixture of these. The property can be used as a four unit (has 4 separate electric meters). The possibilities are endless! There is ample street parking in front of the building which has 62.5 Feet of frontage along Lemon Ave. Additionally there are approximately 145 public parking spaces directly behind and next to the property (some 8 hour / some 3 hour) which can be accessed from Lemon Ave or the rear of the property (two accesses: loading area and rear entrance door). The parking lot behind the building abuts Colorado Blvd, and in turn the building enjoys unobstructed visibility from Colorado Blvd as well as Lemon Ave. Property was rehabilitated 17 years ago. Building has been retro-fitted and seismically reinforced.
Huge courtyard, spacious light space, kitchen, ADA restrooms, shower. 14 Parking spaces. Gated freestanding building. May qualify for the Mills Act tax reduction.
- Business is pre-qualified for a SBA loan - Qualified buyer would be able to buy it for 15% down! - up to 85% financing available - ten year repayment term based on monthly payments with no Balloon payment. - Clean books run by an POS bookkeeping solution - All sales and expenses reported! - In business since 1987 - 4 days a week (Tue-Fri) - Dealer-level diagnostic software - FF&E ~$15k - Inventory ~$50k - Personal toolbox and toolboxes of mechanics excluded - Owner and another mechanic are leaving - The 3rd mechanic might stay - SDE $199,000 - on clean books run by an POS bookkeeping solution - All sales and expenses reported! - Trend is upwards ....2010/11/12/13 better and better - Gross sales $521k - Sole proprietorship - The lease currently is $2036.00 per month with no additional fees. Beginning in January 2014, rent will increase 3% to $2097.00 per month and additional 3% raise per year. - Shop is approximately 2000 square feet. - 3 Service bays - Immaculate parts storage w inventory tracking an ordering system
Major Price Reduction !! Commercial property with many possible uses on High Visibility Major Street near Downtown Area of Monrovia. Lots of Potential, most recently was Auto Mechanic Shop. Good Size Building, on Good Size Lot, Access from Street and Rear Alley. 8-11 ft. Ceilings, Office Area, Reception Area, 2 Bays and 2 Bay Doors, could split in Owner/Rental Space Business.