115 E Olive Avenue -117, Monrovia, CA 91016

Other
INR ₹50,416,170
USD $600,000
Published on: 18 May 2024
Last updated on: 12 Sep 2024
115 E Olive Avenue -117, Monrovia, CA 91016
115 E Olive Avenue -117, Monrovia, CA 91016
115 E Olive Avenue -117, Monrovia, CA 91016
+21
115 E Olive Avenue -117, Monrovia, CA 91016
  • 21
Property ID: 110092052431
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Business Opportunity - Monrovia, CA

115 E Olive Avenue -117, Monrovia, CA 91016
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.

Property Details

Basic Info

Property Type
Other
Listing Status
Pending
Building Size
7,300.00 sq ft
Year Built
1908
Architecture Style
Other
County
Los Angeles
Parcel ID
8516027028
Provider
Henry Nunez
Brokerage Office Name
Henry Nunez
Brokerage Office Phone
(626) 626-0207
Address
115 E Olive Avenue -117, Monrovia, CA 91016
Contact Agent
Henry Nunez
41 E. Huntington Dr, Arcadia, CA 91006
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41 E. Huntington Dr, Arcadia, CA 91006
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      Property ID: 110092052431

      Data provided by Henry Nunez, MLS #: AR24098494
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