510 S Myrtle Ave, Monrovia, CA for sale

Investment Overview

Rare Owner-Operator Opportunity in Downtown Monrovia – An unique opportunity to own both the business and the underlying real estate, providing control of the location, immediate operating potential, and long-term real estate value.

Investment Highlights

• ±1,417 SF Street-Front Retail Property – Located at 510 S Myrtle Ave, the property was originally built in 1914 and sits on a ±2,452 SF lot with three rear staff parking spaces.
• Premier Downtown Monrovia Location – Positioned along historic Myrtle Avenue in the heart of Old Town Monrovia, a walkable and established retail district known for its historic character, pedestrian activity, affluent demographics, and mix of local businesses and amenities.
• Surrounded by Established Local & Boutique Businesses – Nearby businesses include Café de Olla, The State Whisky Bar, Mikomi Sushi Monrovia, Copper Still Grill, and The Jewelry Box, which has served the community since 1921, highlighting Old Town’s longstanding appeal for locally owned businesses.
• Weekly Friday Night Street Fair & Market – Myrtle Avenue hosts the long-running Monrovia Street Fair & Market every Friday evening, featuring live music, food, produce, specialty vendors, artisan products, shopping, and family-friendly entertainment that draws pedestrian activity throughout Old Town.
• Potential SBA Financing with as Little as 10% Down – Preliminary SBA financing illustrates a potential structure with 10% borrower equity and 25-year amortization, subject to lender approval and buyer qualifications, allowing qualified owner-users to preserve working capital for business operations and growth.
• FF&E Included for Immediate Business Operation – Furniture, fixtures, and equipment associated with the existing Boba Tea shop are included in the sale, providing flexibility to continue the current operation or utilize the existing improvements and equipment for a new concept.
• Seller Leaseback Option Available – For buyers seeking a pure real estate investment, the Seller is open to discussing a one-to-five year leaseback term, subject to mutually acceptable terms, with additional details available through the Listing Broker.