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RARE SIGNALIZED CORNER BUILDING 60-64 N Raymond Ave 15,708 SF 100% Leased Retail Building Pasadena, CA 91103 $7,000,000 ($445.63/SF)
Investment Highlights
- APPROXIMATELY 10,650 SQUARE FEET PLUS BASEMENT
- Additional Addresses: 91 E. Union Street | 62 N. Raymond Avenue | 64 N. Raymond Avenue
- RARE SIGNALIZED CORNER BUILDING FOR SALE IN OLD PASADENA
- Buyer will have Prime Sign Rights on Signalized Corner of North Raymond Avenue and Union Street
Executive Summary
Prime Signalized Commercial Corner in Old Pasadena. Northeast Corner of North Raymond and Union Street.
Seize this rare opportunity to secure 2,650 sq. ft. of prime ground floor retail/commercial former restaurant space at a high-visibility, signalized corner, which is available immediately. An additional approximately 5,200 square feet of 2nd floor space can be available with 6 months notice. Plus, a portion of the basement can also be occupied with notice.
Buyer will benefit from current rent by existing Tenants. Call agent for details.
Historic Landmark Building: 60 N. Raymond Avenue is a designated historic building, proudly listed on the Pasadena Historic Register. The building reflects the character and architectural integrity of Old Pasadena's celebrated commercial corridor, offering a rare opportunity to own a piece of the city's storied past. Constructed in the early twentieth century, the building features classic brick masonry detailing and period facade elements that have been carefully preserved. Ownership of a historic landmark in Old Pasadena confers significant prestige and may qualify the buyer for the Mills Act property tax reduction program, potentially resulting in substantial annual tax savings.
Seismically Upgraded and Elevator Served to description area: The building has been seismically retrofitted and is earthquake resistant, providing owners and tenants with confidence in the structural integrity of the asset. The building is also served by an elevator, ensuring full accessibility across all floors and making the upper floors equally viable for a wide range of commercial, office, and professional uses.
Seize this rare opportunity to secure 2,650 sq. ft. of prime ground floor retail/commercial former restaurant space at a high-visibility, signalized corner, which is available immediately. An additional approximately 5,200 square feet of 2nd floor space can be available with 6 months notice. Plus, a portion of the basement can also be occupied with notice.
Buyer will benefit from current rent by existing Tenants. Call agent for details.
Historic Landmark Building: 60 N. Raymond Avenue is a designated historic building, proudly listed on the Pasadena Historic Register. The building reflects the character and architectural integrity of Old Pasadena's celebrated commercial corridor, offering a rare opportunity to own a piece of the city's storied past. Constructed in the early twentieth century, the building features classic brick masonry detailing and period facade elements that have been carefully preserved. Ownership of a historic landmark in Old Pasadena confers significant prestige and may qualify the buyer for the Mills Act property tax reduction program, potentially resulting in substantial annual tax savings.
Seismically Upgraded and Elevator Served to description area: The building has been seismically retrofitted and is earthquake resistant, providing owners and tenants with confidence in the structural integrity of the asset. The building is also served by an elevator, ensuring full accessibility across all floors and making the upper floors equally viable for a wide range of commercial, office, and professional uses.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
15,708 SF
Building Class
C
Year Built
1904
Price
$7,000,000
Price Per SF
$445.63
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
2.65
Lot Size
0.14 AC
Zoning
PSC
Frontage
274’ on N Raymond Ave
Amenities
- Bus Line
- Signalized Intersection
Exceptionally walkable
90/100
Very drivable
80/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
Property Taxes
| Parcel Number | 5723-024-001 | Improvements Assessment | $117,398 |
| Land Assessment | $115,494 | Total Assessment | $232,892 |
Property Taxes
Parcel Number
5723-024-001
Land Assessment
$115,494
Improvements Assessment
$117,398
Total Assessment
$232,892
Contacts
-
Christina Burdette -
Bill Ukropina, CRE -
Kathi Constanzo, CCIM -
Robert Ip -
Coldwell Banker Commercial Realty
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RARE SIGNALIZED CORNER BUILDING | 60-64 N Raymond Ave
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