48-50 S De Lacey Ave - Office FOR SALE


Pasadena, CA 91105- Old Town Pasadena
$11,000,000 USD
626-394-2527
48-50 S De Lacey Ave, Pasadena, CA for Sale
$11,000,000 USD
Office - FOR SALE
1/4
null | Request Cap Rate

48-50 S De Lacey Ave
Pasadena, CA 91105
Old Town Pasadena


OVERVIEW

PRIME CORNER OFFICE & RETAIL SPACE IN THE HEART OF OLD PASADENA An exceptional opportunity to own a high-visibility, mixed-use retail and office building in the heart of Old Pasadena, one of Southern California’s most vibrant and walkable commercial districts. Whether it’s a café, a service-based business, or a larger user that wants to combine suites, this building is flexible in use. This ±24,544 SF corner property offers strong in-place income from established tenants and multiple vacant suites ideal for lease-up or owner-user repositioning. Located just steps from premium restaurants, national retailers, and historic architecture, the property benefits from high foot traffic, robust demographics, and excellent freeway access. With zoning flexibility (PSC-) and value-add upside, this is a rare chance to invest in a generational location. PROPERTY HIGHLIGHTS - Premier Corner Location in Old Pasadena - ±24,544 SF Building on a Highly Visible Parcel - Mixed-Use Configuration: Office & Retail - Multiple Vacant Units – Value-Add Leasing Potential - Lush Walkable Area Near Top Dining, Shops, & Entertainment - Zoning: PSC- (Pasadena Specific Commercial) - Year Built: 1955

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$448 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PRIME CORNER OFFICE & RETAIL SPACE

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

PSC-

APN/PARCEL ID

5713-007-019

ASK ABOUT THIS PROPERTY

Robert IpColdwell Banker Commercial RealtyMore Info
626-394-2527

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Robert IpColdwell Banker Commercial RealtyMore Info
626-394-2527

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