316 Chestnut Ave Monrovia, CA 91016
- Manufacturing properties
- 12,080 SF
- 0.55 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 316 Chestnut Ave
- Year built
- 1961
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.55 lot acres
- Property size
- 12,080 SF
- Zone code
- MOM*
- Property type
- Manufacturing properties
- APN
- 8506-004-027
- APU
- 8506004027
Description
This exceptional Monrovia, CA retail property, located at 316-320 W Chestnut Ave, 91016, presents a unique investment opportunity. The 26,970 square foot building sits on a 32,323 square foot lot and boasts 20,080 square feet of net rentable space. Currently operating at 100% occupancy as a single-tenant Wine of the Month Club, this property offers a diverse range of alcohol licenses, including wine manufacturing and tasting (winery located in Sonoma), beer and wine importing/exporting, distilled spirits importing/exporting, beer and wine wholesaling, distilled spirits wholesaling, and retail beer and wine and distilled spirits sales. Built in 1961, the single-story building is zoned MOM and includes 28 parking spaces. The asking price is $11,000,000, translating to $407.86 per square foot. This owner-user investment opportunity is a rare find in Los Angeles County, offering significant potential for continued growth and profitability. The property features one building with a total of 26,970 square feet. The property is offered for sale by owner. The APN is 8506-004-002, -027. There is no ground lease.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $460,000
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Location Insight
- Map
- Local Demand
- City
- Monrovia
- County
- Los Angeles
- State
- California
- Longitude
- -118.006
- Latitude
- 34.1423
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
