Monday, July 31, 2023

eXp Commercial Presents 10914 Main Street: A Remarkable Owner User or Investment Opportunity in El Monte, CA

El Monte, CA - eXp Commercial is pleased to introduce 10914 Main Street, a prime retail/office building offering an owner user opportunity or investment potential in El Monte, located in the Western San Gabriel Valley of California.

The two-story Retail/Office building spans approximately 13,472 square feet and was constructed in 1929 using masonry construction. Situated on just under 1/4 acre of land, the property boasts 36 free surface parking spaces, providing a ratio of 2.67 spaces per thousand square feet. With 61 feet of frontage on Main Street, it enjoys excellent visibility and accessibility.

The ground floor of 10914 Main Street is currently occupied by long-term tenants, including a Western Apparel retailer and a Jeweler Retailer. The remaining space on the upper floor is available for an owner user to occupy a minimum of 51% of the total building, thereby qualifying for owner-occupied SBA or conventional commercial real estate loans.

The property is listed for sale at $3,650,000, equating to approximately $271 per square foot.

Key Location Highlights: Located in the heart of the Valley Mall Retail District, 10914 Main Street offers a mix of long-term ground tenancy and available space for owner occupancy or tenants. El Monte is situated between the San Gabriel and Rio Hondo Rivers and has a rich history as an agricultural area. The name "Monte," meaning meadow or marsh in old Spanish, was given by the Spanish soldiers and missionaries who explored the region in the 1770s.

El Monte's growth continued throughout the 1800s, and it became a fully incorporated city in 1912. The area developed fruit orchards, walnut groves, truck farms, hay fields, and dairies. Notably, El Monte housed the first public school south of the Tehachapi Mountains in 1852 and saw the establishment of the El Monte Union High School in 1901. The city's history also includes Gay's Lion Farm, a popular tourist attraction in the 1920s that showcased over 200 lions until its closure during World War II.

For inquiries and additional information, please contact:

●      Charles Swanberg: 310.406.6767, charles.swanberg@expcommercial.com, CalDRE #00973712

●      Van Gordon: 949.231.7085, tovannguyen@gmail.com, CalDRE #01862013

 

Charles Swanberg Bio:

Charles Swanberg is a seasoned real estate professional with a wealth of experience in both residential and commercial sectors. As the Chief Real Estate Officer at W America Realty in San Gabriel, California, he brings extensive knowledge and expertise to oversee brokerage operations. With a background that spans over 20 years in real estate, Charles has excelled in various roles, including residential realtor, industrial brokerage specialist, and corporate middle-market banking professional. He holds a Bachelor of Science in Business Management from the Graziadio School of Business at Pepperdine University. As an immigrant from Japan and a fluent Japanese speaker, Charles offers a unique perspective and is well-equipped to cater to diverse clientele. With his impressive track record and passion for real estate, Charles Swanberg continues to make a significant impact in the industry.

Media Contact
Company Name: Industrial Logistics
Contact Person: Charles Swanberg
Email:Send Email
Phone: 3104066767
Country: United States
Website: www.expcommercial.com