BUILDING REPOSITIONING OR REDEVELOPMENT OPPORTUNITY: ±28,512 SF Building on Large ±34,980 SF (0.80 AC) Lot. Offering Summary: • Vacant residential facility (formerly skilled nursing) priced below replacement cost ($171 per square foot). • Priced to sell - offered below 2024 Appraised Value. *"Residential Care, General" and/or "Skilled Nursing" uses are PROHIBITED by right of the Zoning Code. **A new Specific Plan is currently being proposed by the Pasadena Planning Commission, potentially increasing the zoning Density anywhere from 32 to potentially 48 units per acre. ***Please contact the City of Pasadena Planning Department for more information. See chart below for potential uses for the Subject Property: Permitted Uses: • Supportive Housing • Transitional Housing • Single/Multi Family Housing • Home Occupations • Adult Day Care, Limited • Child Day Care Conditional Use Permit (CUP) Required: • Cultural Institutions • Religious Facilities • Temporary Homeless Shelter • School – Public and Private • Adult Day Care, General • Child Day-Care Centers • Public Safety Facilities Contact brokers for more information.