1507 Lincoln Ave | Pasadena, CA 91103
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- LoopNet Team
1507 Lincoln Ave
Pasadena, CA 91103
100% Vac. Single Story Retail near Rose Bowl · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- A 100% vacant single-story retail building perfect for an owner-user or a redevelopment; Long-time owner since 1988
- Zone LA-MU-N (Mixed-Use Neighborhood) allows a wide range of entirely commercial or entirely residential or mixed commercial/residential
- Good demographics with $121,291 AHH Income within a mile radius; Corner, south facing lot with great visibility; Gated property with 6-8 parking
- Vacant condition building – used to be a Japanese food retail market with license to sell beer and wine (Beer and Wine Liquor license is included in
- True value-add Single-story Retail near Rose Bowl Area; Excellent traffic count of ±19,357 VPD on Lincoln Ave and ±123,000 on FWY 210
- Seller Willing to Carry for a QUALIFIED BUYER with these terms: 5-year term, 40% LTV, 6% Interest Rate, No prepayment.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,139 SF
Building Class
C
Year Built
1927
Tenancy
Single
Building Height
1 Story
Building FAR
0.55
Lot Size
0.09 AC
Zoning
MU-N - LA-MU-N (Mixed-Use Neighborhood).
• Allow pedestrian-oriented ground floor commercial uses.
• entirely commercial, or residential, or both
Parking
8 Spaces (3.74 Spaces per 1,000 SF Leased)
Frontage
124’ on Lincoln Ave
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | 5727-012-001 | Improvements Assessment | $38,264 |
| Land Assessment | $133,968 | Total Assessment | $172,232 |
PROPERTY TAXES
Parcel Number
5727-012-001
Land Assessment
$133,968
Improvements Assessment
$38,264
Total Assessment
$172,232
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