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181 Colorado Pl
Arcadia, CA 91007
REDEVELOPMENT OPPORTUNITY · Retail Property For Sale
Investment Highlights
- Opportunity for Owner-User, Redevelopment or Re-Tenanting
- Affluent Demographics • Average household income of over $121,774 within a 1-mile radius and average home prices well above $1,500,000
- Nearby Area Revitalization • Uniquely positioned near 3 major development projects: Hotel Indigo, Le Meridien Hotel, Seabiscuit Pacifica Specific Plan
- Prestigious Neighborhood • The Property is in the center of the City of Arcadia, known for its Blue Ribbon awarded schools
- Excellent Location • Directly across from Santa Anita Race Track and nearby Westfield Santa Anita Mall, Arcadia City Hall and Civic Center
Property Facts
Property Type
Retail
Property Subtype
Building Size
4,959 SF
Building Class
C
Year Built/Renovated
1953/1985
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.60 AC
Zoning
CG - General Commercial
Parking
97 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
About 181 COLORADO PL , ARCADIA, CA 91007
Situated in the path of progress, the subject site is one block or less from 400 new hotel rooms, 96 new residential units and 10,600 sf of new commercial space under construction or in permitting. The property is well positioned adjacent to Keck Medicine of USC and one block from three development sites planned or under construction—Hotel Indigo, Le Meridien Hotel and Seabiscuit Pacifica mixed-use project. The site's zoning CG (General Commercial), allows restaurant/retail with drive-thru lanes, medical office, assisted living and other redevelopment opportunities.
Property Taxes
| Parcel Number | 5775-015-011 | Improvements Assessment | $108,242 |
| Land Assessment | $3,030,809 | Total Assessment | $3,139,051 |
Property Taxes
Parcel Number
5775-015-011
Land Assessment
$3,030,809
Improvements Assessment
$108,242
Total Assessment
$3,139,051
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