Description

El Monte Mall is a 39,030-square-foot, three-level retail property at 10933 Main Street in Downtown El Monte. Originally built in 1955 as a department store, the building includes a ground floor, basement and second-floor mezzanine of approximately 13,000 square feet each. An elevator and central staircase provide circulation between levels.

The ground floor and basement currently operate as an indoor marketplace with approximately 20 tenants. The retail shops are reported to be about 68% occupied, while the mezzanine is primarily vacant and used for storage. This configuration gives an investor or owner-user the flexibility to continue the existing marketplace concept, lease the remaining space or reposition portions of the property for compatible retail, office or medical uses.

The property is offered at $4,500,000, or approximately $115.30 per square foot. It occupies approximately 0.29 acre (12,545 square feet), is zoned SP-4 under the Downtown Specific Plan and is identified as APN 8575-020-006. The location is within walking distance of the El Monte Metrolink station, offers convenient access to Santa Anita Avenue and Interstate 10, and benefits from nearby free municipal parking. Current marketplace sources rate the location Very Walkable, with a Walk Score of 81.