Introducing a prime retail property for sale nestled in the heart of Pasadena's vibrant downtown, where history meets opportunity. Located near the bustling intersection of Colorado Blvd and Lake Avenue, renowned for their bustling foot traffic, this property boasts a storied past as the former home of the iconic Wolfe Burgers. Currently operating as a thriving burger joint, this establishment has been a staple in the community for decades, ensuring a steady stream of business. Whether you're an aspiring restaurateur seeking to make your mark or an astute investor looking to capitalize on a reliable income stream, this property offers versatile possibilities. Under a triple net lease structure, the tenant shoulders responsibilities providing some hassle-free opportunity for owners. Moreover, the City of Pasadena has proposed a zoning change to high-density residential, opening the door for potential redevelopment into a bustling apartment complex. With the possibility of adjacent property assemblage on the horizon, the potential for expansion is ripe, offering a canvas for visionary development. The City's anticipated adoption of the zone change presents a timely opportunity for creative investment strategies, making this property a compelling prospect for savvy investors and entrepreneurs alike. NNN NOI - $138, 216 Lease ends July 2025 plus 2 -3 year options at market APN ‘s 5738-008-047 and shared ownership of 5738-008-053 Lot Size 6339sf apn 047 + 1531sf apn 053 = 7870 sf Lease states the following regarding leasable space that would need to be verified by the Buyer Building footprint 2691 SF Patio 2800 SF Storage 162 SF