442-452 N Los Robles Ave - Storefront FOR SALE


Pasadena, CA 91101- The Oaks Pasadena
$17,000,000 USD
626-204-1531
442-452 N Los Robles Ave, Pasadena, CA for Sale
$17,000,000 USD
Storefront - FOR SALE
1/9
null | Request Cap Rate

442-452 N Los Robles Ave
Pasadena, CA 91101
The Oaks Pasadena


HIGHLIGHTS

  • Walking distance to Lake Avenue Metro Station & Old Town Pasadena
  • Excellent visibility along N. Los Robles Avenue
  • Immediate access to the Foothill I-210 Freeway
  • Potential for owner-user, adaptive reuse, or a mixed-use residential development

OVERVIEW

NAI Capital is pleased to present an opportunity to purchase a 31,100 square foot retail / commercial building on ±2.42 acres of land for a myriad of scenarios: owner-user, adaptive reuse, or a mixed-use residential development in an desirable Pasadena location. 452 N. Los Robles Avenue is walking distance to the Lake Avenue Metro Station and Old Town Pasadena. The subject site boasts excellent visibility along N. Los Robles Avenue with immediate access to the Foothill I-210 Freeway. The City of Pasadena is home to more than 141K residents and nearly 60K households while approximately 556K people and 207K households reside within a five-mile radius of the subject property. The City and the area around the property expect to grow 0.7%, adding nearly 2K households through 2025. Pasadena offers a unique opportunity to live, work, and play in a vibrant urban setting featuring an authentic downtown experience. It features a walker friendly environment with convenient metro transportation to nearby employment, education and entertainment. Since the year 2000, over 5,000 new luxury apartments and condos have been completed, including Archstone Del Mar Station, The Raymond Renaissance, Park View at Old Pasadena, 80 N. Raymond, DeLacey at Green, Catania Pasadena, Terraces at Paseo Colorado, Residencies at Westgate, and Old Pasadena Collection: Messina & Palermo. With cafes and restaurants on many corners, fantastic an urban-chic lifestyle.

FOR SALE DETAILS

PRICE

$17,000,000 USD

PRICE/SF

$548 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

2.42 AC

LAND SF

105,550 SF

ZONING

CL-1PS

APN/PARCEL ID

5731-021-042

ASK ABOUT THIS PROPERTY

Guillermo OlaizNAI CapitalMore Info
626-204-1531

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Guillermo OlaizNAI CapitalMore Info
626-204-1531

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