317 W Palmer Ave - Churches FOR SALE


Glendale, CA 91204- Tropico
$1,299,000 USD
310-266-6149
317 W Palmer Ave, Glendale, CA for Sale
$1,299,000 USD
Churches - FOR SALE
1/29
null | Request Cap Rate

317 W Palmer Ave
Glendale, CA 91204
Tropico


HIGHLIGHTS

  • Large open main building ideal for many uses. Within a block of shopping on Central. Easy freeway access
  • Existing tenant is currently in occupancy on a month-to-month basis
  • Tenant has expressed interest in executing a long-term lease
  • Potential church-related property tax exemptions

OVERVIEW

Rare opportunity to obtain a very flexible space in the heart of bustling Glendale. This beautiful church property is a located on a quiet street in Glendale, just a half a block from shopping on Central Ave. Zoned for multifamily, the potential uses include a school, daycare, group living, multifamily units, a large single family home, a redevelopment play, or continue as a church. The options are up to you! The church includes the main sanctuary, a lobby with 2 bathrooms, a kitchen, a large dining/classroom area, and offices with an additional bathroom in the rear. There is also a large detached finished storage building that could be repurposed for any number of uses. This approximately 3000' main building sits on a large nearly 7300' lot. plus an approximately 500' detached storage building that could be perfect for a conversion to ADU, garage, or whatever you have in mind. Located on a quiet street within 1 block of shopping district. The property may be particularly relevant to faith-based organizations or investors evaluating church occupancy scenarios. Certain ownership and occupancy structures involving churches may qualify for property tax exemptions under applicable regulations. State passes on property tax exemption to owner if lease with the church is written out properly. Any exemption eligibility, lease requirements, ownership structure, and transferability of benefits should be independently verified by qualified legal and tax professionals.

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$371 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

ADD'L SUBTYPES

Lodge/Meeting Hall, Schools

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,280 SF

ZONING

R22-50

APN/PARCEL ID

5640-009-004

ASK ABOUT THIS PROPERTY

Mark DuncanReal Broker TechnologiesMore Info
310-266-6149

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Mark DuncanReal Broker TechnologiesMore Info
310-266-6149

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.