60-64 N Raymond Ave - Storefront Retail/Office FOR SALE


Pasadena, CA 91103- Old Town Pasadena
$7,000,000 USD
626-584-0050
60-64 N Raymond Ave, Pasadena, CA for Sale
$7,000,000 USD
Storefront Retail/Office - FOR SALE
1/3
null | Request Cap Rate

60-64 N Raymond Ave
Pasadena, CA 91103
Old Town Pasadena


HIGHLIGHTS

  • APPROXIMATELY 10,650 SQUARE FEET PLUS BASEMENT
  • RARE SIGNALIZED CORNER BUILDING FOR SALE IN OLD PASADENA
  • Additional Addresses: 91 E. Union Street | 62 N. Raymond Avenue | 64 N. Raymond Avenue
  • Buyer will have Prime Sign Rights on Signalized Corner of North Raymond Avenue and Union Street

OVERVIEW

Prime Signalized Commercial Corner in Old Pasadena. Northeast Corner of North Raymond and Union Street. Seize this rare opportunity to secure 2,650 sq. ft. of prime ground floor retail/commercial former restaurant space at a high-visibility, signalized corner, which is available immediately. An additional approximately 5,200 square feet of 2nd floor space can be available with 6 months notice. Plus, a portion of the basement can also be occupied with notice. Buyer will benefit from current rent by existing Tenants. Call agent for details. Historic Landmark Building: 60 N. Raymond Avenue is a designated historic building, proudly listed on the Pasadena Historic Register. The building reflects the character and architectural integrity of Old Pasadena's celebrated commercial corridor, offering a rare opportunity to own a piece of the city's storied past. Constructed in the early twentieth century, the building features classic brick masonry detailing and period facade elements that have been carefully preserved. Ownership of a historic landmark in Old Pasadena confers significant prestige and may qualify the buyer for the Mills Act property tax reduction program, potentially resulting in substantial annual tax savings. Seismically Upgraded and Elevator Served to description area: The building has been seismically retrofitted and is earthquake resistant, providing owners and tenants with confidence in the structural integrity of the asset. The building is also served by an elevator, ensuring full accessibility across all floors and making the upper floors equally viable for a wide range of commercial, office, and professional uses.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$446 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

RARE SIGNALIZED CORNER BUILDING

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1904

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,924 SF

ZONING

PSC

APN/PARCEL ID

5723-024-001

ASK ABOUT THIS PROPERTY

Christina BurdetteColdwell Banker Commercial RealtyMore Info
626-584-0050

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Christina BurdetteColdwell Banker Commercial RealtyMore Info
626-584-0050

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