Pasadena, CA - 1975 Lincoln Ave

Description:

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest in 1975 Lincoln Avenue. The offering presents a rare owner-user opportunity along one of Pasadena’s emerging commercial corridors, featuring a freestanding building on a prominent corner lot with approximately 126 feet of frontage along Lincoln Avenue. The property is located at the heart of the City of Pasadena’s Lincoln Avenue Specific Plan
(LASP) and designated LA-CG (Lincoln Avenue – Commercial General) zoning. The LASP was adopted to intentionally repurpose the Lincoln Avenue corridor from legacy industrial and limited commercial uses into a vibrant, walkable, neighborhood-serving commercial district, encouraging retail, service, office, and community-oriented uses. The zoning framework is designed for owner-users, allowing customer-facing businesses to capitalize on a growing, affluent Pasadena trade area with strong local demand for neighborhood-serving commercial.

The property is located in North Pasadena, proximate to Interstate 210 (136K+ VPD),
and benefits from strong regional connectivity and affluent surrounding neighborhoods including Altadena and La Cañada Flintridge. The trade area features average household incomes of $145,536 / $159,452 / $169,494 within 1-, 3-, and 5-miles, respectively, supported by a residential population of 19,317 / 114,936 / 296,892 across the same radii. Pasadena’s economy is anchored by a highly educated workforce and major institutional employers, including NASA’s Jet Propulsion Laboratory (6,700+ employees) and Kaiser Permanente (6,500+ employees), while the broader innovation ecosystem continues to expand — with over 100 companies launched since 1998 from Caltech, JPL, and ArtCenter.

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Listing ID: a28TP000002AmwfYAC