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10952 Main StreetEl Monte, California CA91731-2638

Listing IDWS21039666

3,735 SqFt

$980,000

Excellent opportunity for an owner-user or investor. An attractive store building located amidst the hustle and bustle of Valley Mall, the historical commercial corridor in downtown El Monte. The building sits on a large lot adjoining the free public parking lot. Almost fifty-feet of glass store front along the Main Street presents great curb appeal. The storefront has two entrances and can be easily divided into two units. Renovated interior features open high ceiling, upgraded lighting, and laminated floor. Very convenient location with heavy foot traffic and dense residential population in the immediate trade area. The building's C2 zoning allows a wide variety of uses. Valley Mall has been undergoing a multi-year urban revitalization under the city's Downtown Main Street Transit-Oriented Development Specific Plan. The ultimate goal is to transform the Downtown into a central shopping and entertainment district that contains retail stores, neighborhood services, office spaces, and restaurants with outdoor dining; complemented by broad sidewalks, plazas and parks designed with music and performance areas. Up to 2,200 residential units and 500,000 square feet of commercial space will be developed by the year 2035. With historically low interest rate, it is the perfect time to own a piece of the gentrifying area below replacement costs.
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