Investment Overview

Marcus & Millichap, as Exclusive Advisor, is pleased to present 2501 Honolulu Avenue, a 4,643 square foot single tenant corner street retail property situated on 0.16 acres of land (6,789 SF) located on the NW corner of Honolulu Avenue and Sunset Avenue, directly across the street from Trader Joe’s, well-positioned in the highly coveted commercial corridor of Montrose, CA. 2501 Honolulu Avenue is currently occupied by the Montrose Bike Shop on a month to month basis. This creates a unique opportunity for a value-add investor to reposition the property with a market rate tenant or an owner-user to occupy the building for their own business use. The building’s 4,643 square feet is comprised of two different architectural styles, a street front mid-century modern showroom space with a masonry construction in the rear. The two seemingly separate structures are one contiguous space, allowing a multitude of potential uses. In addition to the ground floor space, a future tenant or owner-user will enjoy an additional mezzanine space above the ground floor space in the rear. The subject property benefits from excellent visibility and frontage at the corner of Honolulu Avenue & Sunset Avenue, with approximately 87’ and 153’ of linear frontage, respectively. Honolulu Avenue is in a highly trafficked pedestrian area with a walk score of 90, a “walker’s paradise” and is less than 0.9 miles from the 210 Freeway and State Route 2 (“Glendale Freeway”). The property is also supplied with parking in the rear via Sunset Avenue for three (3) cars, a parking ratio of 0.65 spaces per 1,000 SF.