334 N Central Ave 4,304 SF 86% Leased Office Building Glendale, CA 91203 $3,600,000 ($836.43/SF)

FOR SALE | MIXED-USE RETAIL/OFFICE BUILDING
334 N Central Ave, Glendale, CA
Property Overview
This prime mixed-use property located at 334 N Central Ave in Glendale offers a unique investment opportunity in one of Southern California’s most desirable and rapidly growing cities. Zoned under the Downtown Specific Plan/Orange Central (DSP/OC), this property is ideally positioned for a wide range of commercial, residential, and mixed-use developments. With its flexible zoning, this building can accommodate retail, general and medical office, multi-family residential, and other commercial uses, providing endless possibilities for tenants or developers.
Building Features
14 Units: The property includes 14 separate units currently under month-to-month leases, providing immediate rental income while offering flexibility for new tenants or redevelopment.
Below Market Rent: Current leases are significantly under market value, presenting a fantastic opportunity for a new owner to reposition the property and capitalize on current market conditions.
Fix-Up Potential: While the building would benefit from some upgrades, it presents significant value-add potential. With some renovations and improvements, the property could be leased at market rates, increasing the overall return on investment.
Ideal for Development: The property’s flexible zoning also makes it an excellent candidate for future redevelopment. Consider the potential for a mixed-use retail/apartment building or multi-family residential project, taking advantage of the area’s growing demand for housing and commercial space.
Location
Located in the heart of Glendale, just minutes from major thoroughfares like the 5 Freeway, 110 Freeway, and 210 Freeway, this property benefits from excellent visibility and easy access to both local and regional markets. Nearby amenities include retail centers, restaurants, and other essential services, as well as a robust local workforce, making this an ideal location for both office and retail tenants.
Investment Opportunity
Whether you’re looking to invest in a property with strong upside potential or explore a future development opportunity, 334 N Central Ave offers unparalleled flexibility and value. Don’t miss out on this exceptional chance to own a piece of Glendale’s vibrant downtown area.
For more information or to schedule a tour, please contact us today!