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535 S Lake Ave 6,721 SF Retail Building Pasadena, CA 91101 $2,250,000 ($334.77/SF)
Investment Highlights
- Premier South Lake Avenue location in the heart of Pasadena's sought-after shopping and business district
- Full liquor license included, with potential for live music and off-site catering
- Free parking available nearby on Shoppers Lane with 509 parking stall sand Macy's garage includes 360 parking stalls at no charge.
- +/- 6,721 SF entitled commercial opportunity with exceptional flexibility
- Outdoor patio seating opportunity
Executive Summary
Located in Pasadena's South Lake Shopping District: Erewhon, Macy's, TJ Maxx, Ross, Soul Cycle, Drybar, Williams-Sonoma, Trader Joes, Corner Bakery
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
6,721 SF
Building Class
C
Year Built/Renovated
1933/2026
Price
$2,250,000
Price Per SF
$334.77
Tenancy
Single
Building Height
1 Story
Building FAR
0.96
Lot Size
0.16 AC
Zoning
CD-5 - Commercial Planned Development Public Parking available
Parking
4 Spaces (0.6 Spaces per 1,000 SF Leased)
Frontage
25’ on Lake Ave
Amenities
- Bus Line
- Pylon Sign
- Signalized Intersection
Very walkable
80/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5734-030-008 | Improvements Assessment | $1,634,260 |
| Land Assessment | $1,379,570 | Total Assessment | $3,013,830 |
Property Taxes
Parcel Number
5734-030-008
Land Assessment
$1,379,570
Improvements Assessment
$1,634,260
Total Assessment
$3,013,830
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