489 E Colorado Blvd - Office FOR SALE


Pasadena, CA 91101- Playhouse Village
$6,300,000 USD
818-907-4650
489 E Colorado Blvd, Pasadena, CA for Sale
$6,300,000 USD
Office - FOR SALE
1/12
null | Request Cap Rate

NEW


489 E Colorado Blvd
Pasadena, CA 91101
Playhouse Village


HIGHLIGHTS

  • Rare Owner User Office or Retail Opportunity on Colorado Boulevard
  • Mills Act Designation with Tremendous Property Tax Savings
  • Features 22’ Ceilings, Skylights and Open/Creative Layout
  • Walk Score of 97 (“Walker’s Paradise”) with Abundant Surrounding Amenities
  • High Barriers to Entry
  • Located in the Heart of the Pasadena Playhouse Historic District

OVERVIEW

CBRE, is pleased to present this exceptional owner user opportunity to acquire 489 E. Colorado Boulevard, commonly referred to as the “Harry FitzGerald” building in the heart of the Playhouse Historic District of Pasadena, CA. This elegant two-story office building totals approximately 7,774 square feet and is located on the north side of the iconic Rose Parade route on Colorado Boulevard. Boasting a healthy WalkScore of 97 (‘Walkers Paradise’), the Property offers convenient access to abundant surrounding retail amenities and public transportation. Constructed in 1926, the building was designed for Harry FitzGerald, who operated one of Pasadena’s most exclusive men’s stores for over twenty-five years. Designated on the National Register of Historic Places and thoughtfully preserved, the Property is currently utilized as an office and will be delivered vacant at the close of escrow. Featuring 22’ ceilings with large skylights, offices, conference rooms and dedicated private parking, this historic Property offers a user the rare opportunity to own a piece of Pasadena’s historic charm. With Mills Act designation, the Property offers the future owner with the unique and beneficial ability for significant property tax reduction.

FOR SALE DETAILS

PRICE

$6,300,000 USD

PRICE/SF

$808 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

CD-4

APN/PARCEL ID

5723-028-020

ASK ABOUT THIS PROPERTY

Kyle BarrattCBRE, Inc.More Info
818-907-4650

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Kyle BarrattCBRE, Inc.More Info
818-907-4650

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