2501 Honolulu ave
MONTROSE, CA 91020
PRICE
$2,250,000
BUILDING SIZE
4,643 SF
LOT SIZE
6,789 SF
CAP RATE
PRICE/SF (BLDG)
PRICE/SF
(LAND)
1.36%
$485
$331
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 2501 Honolulu Avenue, a 4,643 square foot single tenant corner street retail property situated on 0.16 acres of land (6,789 SF) located on the NW corner of Honolulu Avenue and Sunset Avenue, directly across the street from Trader Joe’s, well-positioned in the highly coveted commercial corridor of Montrose, CA.
2501 Honolulu Avenue is currently occupied by the Montrose Bike Shop on a month to month basis. This creates a unique opportunity for a value-add investor to reposition the property with a market rate tenant or an owner-user to occupy the building for their own business use. The building’s 4,643 square feet is comprised of two different architectural styles, a street front mid-century modern showroom space with a masonry construction in the rear.
Montrose, CA, is a charming community nestled within the foothills of the San Gabriel Mountains, just a short drive from Los Angeles. Known for its friendly, close-knit atmosphere, Montrose features tree-lined streets and a mix of quaint homes and modern developments, creating a relaxed ambiance that appeals to families, young professionals, and retirees alike.
The subject property benefits from excellent visibility and frontage at the corner of Honolulu Avenue & Sunset Avenue, with approximately 87’ and 153’ of linear frontage, respectively. Honolulu Avenue is in a highly trafficked pedestrian area with a walk score of 90, a “walker’s paradise” and is less than 0.9 miles from the 210 Freeway and State Route 2 (“Glendale Freeway”).