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953 E. Washington Boulevard

Pasadena , California 91104

Listing Type:
For Sale
Listing Price:
$1,999,000.00
Property Type:
Retail
Property Subtype:
Vehicle Related
Year Built:
1961
Listing Status:
Active
Building Size:
6090 SqFt
Land Area:
0.23 Acres

Description:

The subject property is a 6,090 square foot building situated on .23 Acre. The structure was constructed in 1961 and is currently vacant. The subject property under current zoning of SP-1C (North Lake Specific Plan allows for potentially a variety of commercial uses including mixed-use, and work/live units (city of Pasadena Zoning).
Located at 953 E. Washington Boulevard in Pasadena, the subject property intersects with Lake Avenue which benefits from a traffic count of approximately 32,623 vehicles per day (Costar). The property is additionally located within the East Washington Village and the Historic Highlands Landmark District, which have undergone significant commercial development within the last decade. The district’s southwestern section is home to many federal-style homes, making it a frequent location for films.
The Subject offering is located in one of the strongest submarkets in San Gabriel Valley with great rental demand. The corner location makes the property amenable to many different uses (Buyer to verify with City of Pasadena) perfect for the creative investor. This opportunity is for the entrepreneurial investor looking for the upside value-add component to investment real estate.
Excellent Value-Add Investment Opportunity; Owner/User SBA
Vacant
Price /Building SF $328 & Price/Lot SF $199
12 free Surface Spaces are available
Very Walkable Location (Walk Score 83)
Highly visible freestanding building with excellent signage potential
Traffic Count Exceeds 32,623 Vehicles Per Day
High Population Density - Greater than 300,000 Residents 5mi Radius

Presented by:

KW Commercial, NH

(603) 836-2700

Click here to email


Listed by:

Keller Williams Realty

Pasadena

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