UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Pending
Purchase Type For Sale
MLS Listing ID AR25143017
HOA Y/N No
Year Built 1927
Lot Size 4,038 Sqft
Property Sub-Type Retail
Property Description
It is surrounded by major Pasadena landmarks such as John Muir High School (0.5mile), Brookside Golf Club (2 blocks away), Rose Bowl Area (several blocks), various well-known Museums (2-3miles), Old Pasadena (2.5miles), and other amenities and employment centers in Pasadena. The property was built in 1927, this single-story retail store has a total of 2,139 SF space and situated on a flat 4,049 SF lot. It had been operated as a well-known neighborhood convenience store before the owner retired recently. This property has been in the same ownership family since 1988.
Currently vacant, the property has the flexibility to be upgraded as a retail shop or re developed, suited to the buyer's desired project. Excellent visibility of a 124FT long street frontage on Lincoln Ave, 6 to 8 on-site parking spaces (depending on how buyer configure it – buyer to verify), plus plenty of additional street parking on Lincoln Ave and Del Monte St. A transferable beer and wine license (buyer to verify) is also included in the sale, adding significant value to this income-generating retail asset.
The only neighborhood convenience store in the area surrounded by residential brings the opportunity well-suited for owner-users, investors pursuing steady cash flow, or buyers looking to enhance value through alternative retail concepts. It has good demographics with $121,291 AHH Income within a mile radius.
The property is located at the corner of Lincoln Ave and Del Monte St, just walking distance from Brookfield Golf Course and Rose Bowl area which housed Rose Bowl Stadium, Rose Bowl Aquatic Center, Kidspace Children's Museum, Rose Bowl Flea Market and Brookside Golf Club.
Location
State CA
County Los Angeles
Area 645 - Pasadena (Nw)
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Laundry None
Exterior
Fence Wrought Iron
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Roof Type Flat
Total Parking Spaces 6
Building
Lot Description Corner Lot, Level, Near Public Transit, Rectangular Lot, Street Level
Story 1
Water Public
Others
Tax ID 5727012001
Acceptable Financing Cash, Cash to Existing Loan, Owner May Carry
Listing Terms Cash, Cash to Existing Loan, Owner May Carry
Special Listing Condition Standard
"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."
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