128-130 N Garfield Ave - Restaurant FOR SALE


Monterey Park, CA 91754
$6,500,000 USD
626-893-5778
128-130 N Garfield Ave, Monterey Park, CA for Sale
$6,500,000 USD
Restaurant - FOR SALE
1/17
null | 3.64% Cap Rate

128-130 N Garfield Ave
Monterey Park, CA 91754


OVERVIEW

Introducing an exceptional commercial property nestled in the vibrant heart of Monterey Park, presenting a lucrative investment opportunity: • Prime Location: Located on a busy street in the heart of Monterey Park, this property offers high visibility and significant foot traffic, ideal for businesses looking for maximum exposure. The front building features the well-known Northern Cafe and a retail shop, while the rear consists of four warehouse facilities, making it a valuable investment opportunity. • Stable Income: The property generates substantial revenue, ensuring a consistent and reliable income stream for investors. • Diverse Offerings: The front building houses the popular Northern Cafe restaurant and a retail shop, creating a vibrant commercial atmosphere. • Versatile Rear Facilities: The rear part of the property includes four warehouse facilities, suitable for storage, distribution, or leasing purposes. • Investment Potential: With its prime location, solid income generation, and diverse tenant mix, this property represents an excellent investment opportunity in a thriving commercial area.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$898 USD /SF

CAP RATE

3.64%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,623 SF

ZONING

C3

APN/PARCEL ID

5255-008-014

ASK ABOUT THIS PROPERTY

Chenwei YehCHT RealtyMore Info
626-893-5778

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Chenwei YehCHT RealtyMore Info
626-893-5778

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.