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1975 Lincoln Ave 5,709 SF Retail Building Pasadena, CA 91103 $3,500,000 ($613.07/SF)
INVESTMENT HIGHLIGHTS
- Owner-User Opportunity | Emerging Lincoln Ave Corridor
- High-Density Trade Area | Affluent Consumer Base
- Flexible Commercial Zoning | Pedestrian-Oriented
EXECUTIVE SUMMARY
SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest in 1975 Lincoln Avenue. The offering presents a rare owner-user opportunity along one of Pasadena’s emerging commercial corridors, featuring a freestanding building on a prominent corner lot with approximately 126 feet of frontage along Lincoln Avenue. The property is located at the heart of the City of Pasadena’s Lincoln Avenue Specific Plan
(LASP) and designated LA-CG (Lincoln Avenue – Commercial General) zoning. The LASP was adopted to intentionally repurpose the Lincoln Avenue corridor from legacy industrial and limited commercial uses into a vibrant, walkable, neighborhood-serving commercial district, encouraging retail, service, office, and community-oriented uses. The zoning framework is designed for owner-users, allowing customer-facing businesses to capitalize on a growing, affluent Pasadena trade area with strong local demand for neighborhood-serving commercial.
(LASP) and designated LA-CG (Lincoln Avenue – Commercial General) zoning. The LASP was adopted to intentionally repurpose the Lincoln Avenue corridor from legacy industrial and limited commercial uses into a vibrant, walkable, neighborhood-serving commercial district, encouraging retail, service, office, and community-oriented uses. The zoning framework is designed for owner-users, allowing customer-facing businesses to capitalize on a growing, affluent Pasadena trade area with strong local demand for neighborhood-serving commercial.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,709 SF
Building Class
C
Year Built
1968
Price
$3,500,000
Price Per SF
$613.07
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.48 AC
Zoning
LASP - Lincoln Avenue Specific Plan (LASP)
Frontage
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5825-009-052 | Improvements Assessment | $324,729 |
| Land Assessment | $1,434,222 | Total Assessment | $1,758,951 |
PROPERTY TAXES
Parcel Number
5825-009-052
Land Assessment
$1,434,222
Improvements Assessment
$324,729
Total Assessment
$1,758,951
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1975 Lincoln Ave
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