475 S Lake Ave
Pasadena, CA 91101
FORMER BORDERS BOOKSTORE · Retail Property For Sale

475 South Lake Avenue is a +/-41,760 SF free-standing three-level retail building located in Pasadena, CA. The subject property is ideally located in a prime retail area, known as South Lake Avenue , right next to Macy' s Department Store. Ten blocks of great retailers line the Lake Avenue corridor. The property has excellent street frontage on a heavy retail corridor, with both high traffic counts and high pedestrian counts. Subject property offers ample free multi-level parking and is easily accessible from both Lake Avenue and Hudson Avenue. 120 unreserved spaces are located at the rear of the building in the parking structure for The Shoppes on South Lake. Additional parking may be available throughout the District. Signage is available on the building exterior and monuments with Landlord approval and in conjunction with City of Pasadena signage ordinance. Neighboring national anchor tenants include Macy' s, T.J. Maxx, Pier 1 Imports, Trader Joe' s, Subway, Corner Bakery, Ann Taylor, Ross, Walgreen' s, Citibank and LA Fitness. Subject property is surrounded by three million square feet of Class A buildings. Pasadena is also home to the region' s finest retail shopping, dining, entertainment, convention business and commerce. Investment interest within Pasadena remains strong. With nearly 5,000 new luxury residential units built within the downtown since 1999, a recenlty completed $122 million convention center expansion, and a $90 million renovation of City Hall, Pasadena is undergoing a renaissance. Retail sales in Pasadena remain extremely strong and continue to increase despite increased competition within the Southern California Marketplace. Pasadena has a deep and broad consumer base that is well educated and established in both residents and employees exceeding neighboring markets.