2050 N Lincoln Ave
Pasadena, CA 91103
$300,000 Price Reduction · Office Property For Sale

Part of a portfolio sale: 2076 Lincoln Ave - SOLD 2058 Lincoln Ave - SOLD 2050 Lincoln Ave - Third and last property to be sold per court order. 7,200 square foot, concrete tilt up building with Phase III power. Marcus & Millichap has been selected to exclusively market for sale 2050 Lincoln Ave, in Pasadena, CA. The subject property consists of 7,200 square feet of leasable area, sitting on approximately 8,324 square feet of land. This offering consists of a freestanding retail/office, concrete tilt up building, with Phase III Power and a parking ratio of 2.34 cars per 1,000 sq. ft. per recorded reciprocal parking easement. The building consists of two units. There is an upside for either an investor or owner/users perspective with small business administration financing. The property sits at the signalized intersection of Lincoln Avenue and Montana Street, just south of the Pasadena-Altadena border with easy access to the 210 Freeway, JPL Laboratories, Old Town Pasadena and the Rose Bowl Stadium. The immediate neighborhood has a zoning of (LASP-CG-1) Lincoln Avenue Specific General Commercial. The purpose of the LASP zoning districts is to implement the Lincoln Avenue Specific Plan by re-purposing the Lincoln Avenue corridor from an industrial and limited commercial area into a vibrant neighborhood-oriented district, with new housing options and a complement of local-serving retail and service business, office spaces and community uses, all tied together with public improvements that create a vibrant and enjoyable pedestrian environment, and create a neighborhood main street. Additionally, the property hosts a bus stop for the Metro 267 and 268 bus lines as well as the Pasadena Transit 31 and 32 bus lines. This property is exposed to traffic counts of approximately 22,800 vehicles per day. The population within three miles is approximately 136,892 with an average household income of $110,000.