$ 600,000
115 -117 E Olive AVE Monrovia, CA 91016
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$ 600,000
Est. payment | /mo
8,219 Sqft Lot
$ 600,000
Est. payment | /mo
8,219 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR24098494
HOA Y/N No
Year Built 1908
Lot Size 8,219 Sqft
Property Description
The Gem City Grill is a popular bar/lounge and restaurant located in Old Town Monrovia right at Myrtle Ave. The City of Monrovia supports their Old Town business district with many community events including Monrovia's Friday Night Street Fair and Market which bring crowds from the entire San Gabriel Valley and farther. The Gem has an array of TV's featuring all sporting events making it a favorite for all sports fans. Two pool tables and multiple dart boards support local teams, leagues and competitions on a consistent weekly schedule and don't forget Karaoke. Live music on the weekends along with great food from the kitchen makes it a must stop for everyone. The kitchen is a great feature to provide their customers with delicious reasons to visit. This bar/restaurant is unique in all the amenities they offer to attract a diverse customer base in a vibrant Old Town Monrovia environment. The size of the premises easily provides the space to carry on these multiple amenities and events in a very comfortable space. Recently, the entire establishment went through a complete remodel including bathrooms, bar, equipment, flooring, kitchen improvements, POS, interior decor that has truly transformed it to the real "Gem" of Monrovia. The floor plan features a large double sided U shaped bar with an array of bar stools, high tables and chairs on one side and lower tables, chairs, dart boards and stage for the entertainment on the other side. Two entry doors serve Olive Ave, one of which is used for special occasions and a third serves the rear entrance from the free rear parking lot and Myrtle Ave access. There is great frontage on Olive Ave and ingress/egress to free parking and access to Myrtle Ave. Gem City is part of a free standing building with double wide unit spacing so it is very visible. There is an abundance of available parking directly in front of the building and free parking in an adjacent parking lot right outside the rear entrance. In addition, Monrovia Old Town provides an abundance of supporting free parking for the business district. The Old Town Monrovia location provides a consistent flow of potential customers with all the fantastic events the city provides to support the business district along Myrtle Ave. Monrovia business district has upscale rental communities with more in the planning stage to again support the local businesses. This is a great opportunity.
Location
State CA
County Los Angeles
Area 639 - Monrovia
Zoning PD5
Interior
Fireplace No
Others
Tax ID 8516027028
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Listed by Henry Nunez • Henry Nunez Real Estate • henry@hnrealestate.com
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Valerie Condon
Partner | Lic# 680245