2176-2184 E. Colorado Blvd

2176-2184 E. Colorado Blvd, Pasadena, CA

$2,700,000

Price

1.74%

Cap Rate

$57,323

NOI

Overview
Cap Rate
1.74%
NOI
$57,323
Building Size
9,845 sqft
Lot Area
0.2309 acres
Occupancy
100%
Units
1
Year Built
1949
Floors
1
Description

G&S Group - KW Commercial presents this opportunity to own a one of a kind retail/warehouse building along a major arterial street in the City of Pasadena. The site is rectangular in shape, has generally level topography and is 100% usable. The property is zoned CG for a wide variety of commercial uses and is located in the Route 66 Sub Area of the East Colorado Specific Plan (ECSP), where commercial support uses are encouraged. The ECSP also states that single story 1950's architecture is preferred and desirable in the area.

This 9,845 sq ft building, is composed of about approximately 4,125 sq ft of window lined retail space. The remainder of the building mainly comprises of open warehouse space. It is a one story Concrete Retail building constructed in 1949. The building appears to have been constructed as a multi tenant retail property as evidenced by the 3 entry doors at the front and the multiple mailing addresses, although it is currently 100% occupied by a single tenant. The building is generally an open shell with two wood framed offices, dressing rooms, men's & lady's room, and is currently used as gym/health club/fitness center. The subject does not have any on site parking. Parking is provided via public street parking.

PROPERTY WILL BE DELIVERED VACANT AT CLOSE OF ESCROW

This property is located on one of the greatest boulevards in the city of Pasadena. It is close to the 210 freeway with easy access to the 134, 2, and 605 Freeway, close to public transportation, great restaurants, hotels , shopping centers and just a few blocks away from Pasadena City College. It is also within minutes to the Rose Bowl and is located on the route of the Rose Bowl Parade.

located on the south side of E Colorado Blvd., 165 feet east of the intersection of E Colorado Blvd. and Craig Avenue in the East Colorado Blvd Specific Plan (ECSP)

Highlights
  • Owner User or Investment
  • Major street frontage
  • Newer roof on retail portion of building
  • Window lined retail/showroom space
  • Ground level door in rear
  • 200 amp/240 v power service (verify)
  • East Colorado Specific Plan
  • Will be delivered Vacant
Documents

Location
Gallery