$1,297,000
FOR SALEActive2428 S Garfield Avenue
Monterey Park CA 91754
2,171
SF
Retail
Type
1952
Built
$597/SF
Cost/SF
Listing Agent
Location Analysis
About This Property
Prime standalone commercial property located in Monterey Park, south of Garvey Ave, north of the 60 Freeway, and east of Atlantic Blvd. The property features approximately 2,171 square feet of building area situated on an 8,186 square foot lot, offering both front and rear access and excellent street visibility. Built in 1952, the property is home to a long-established restaurant and bar operation that has been continuously serving the community since 1955, known as The Venice Room. The business is well known for its unique “grill-your-own steak” dining experience, a rare concept with no comparable offering in the surrounding area. The operation holds a Type 48 liquor license and benefits from strong revenue performance and a loyal, multi-generational customer base. This is a rare opportunity to acquire both a landmark operating business and the underlying real estate in a highly desirable infill location with strong traffic exposure and proximity to major transportation corridors. Sale of the real property is required to close concurrently with the sale of the operating business under a separate agreement. Buyer to cooperate with coordinated escrow. Information deemed reliable but not guaranteed. Buyer to verify all details.
Property Information
Property Overview
Commercial - Retail
Property Type
Active
Status
0.1879 acres
Lot Size
1
Total Units
2,171 SF
Square Footage
$597.42/SF
Price per SF
1,952
Year Built
1
Stories
Property Highlights
N/A Property
Prime Location with High Visibility
Location Analysis
Building Details
Zoning & Use
Utilities & Systems
Investment Metrics
Data not available.
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Closed commercial sales reported, newest first.