Seller financing available with lower than market rates and very favorable terms. Introducing an unparalleled commercial real estate opportunity distinctively situated in a highly desirable section of South Pasadena's Mission St. Downtown Plan. Comprising a large C3 zoned double lot sprawling across approx. 14,789 SF, this remarkable property features a solidly built, concrete construction commercial building spanning approx. 6,687 SF and a highly coveted, large parking lot of 7,384 SF. Currently configured with five versatile suites of various sizes, the commercial building also includes a second-floor 408 SF bonus space with a bathroom. Notably, this strategically placed property boasts an impressive 116 SF of frontage along prime Mission St with zoning and approved uses that offer a buyer many uses and development options.This exceptional property stands as a beacon of local accessibility and regional convenience. With easy, seamless access to the 110 & 210 Freeways, and strategically positioned within a 1/2-mile radius of the Metro Gold Line station, getting to and from this prime location to anywhere in Greater LA, and Southern California generally, is a relative breeze. Its adjacency to an array of local dining and retail establishments elevates its appeal as an investment opportunity.Offering a blend of stability and exceptional value, this acquisition beckons the astute investor seeking prime real estate in an irreplaceable Southern California suburban infill location within a dense, thriving, and affluent community. South Pasadena's esteemed quality of life, renowned schools, and abundant amenities underscore its commercial vibrancy, rendering this property an unparalleled asset in a desirable locale.- Unparalleled potential for repositioning with high barriers to entry.- Ideal for Owner-User, Prime Investment, or Development Opportunities.- Boasting pride of ownership- Immediate value-add potential in a highly sought-after locale.- Exceptional demographics and proximity to renowned schools.- Prominent exposure with over 116 SF of frontage along prime Mission St.- First time offered on the market in over 46 years!- Enormous upside potential with aggressive value-add.- Proximity to desirable amenities and services.- Includes two lots with parcel #5313-006-038 & #5313-006-039.** Kindly Refrain from Disturbing Tenants. ***AGENT IS RELATED TO ONE OF THE SELLERS
Mls | P1-17756 |
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Listing Type | For Sale |
Style | Office Bldg |
Subtype | Resale |
Status | Active |
Year | 1948 |
Days On Site | 194 |
Listing Provided By | Berkshire Hathaway Home Servic (626) 440-5100 | Lynette Sohl |
Sq Feet | 7,300 |
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Zoning | C3 please confirm |
Acreage | 0.34 |
State | CA |
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County | Other |
City | South Pasadena |
Zip Code | 91030 |
Area | 658 So. Pasadena |
Listing VS Median (in 91030) | |
Price: $4,499,000 low | high Med: $1,399,000 SqFt: 7,300 low | high Med: 1,414 $ / SqFt: $616 low | high Med: $989 On Site: 194 low | high Med: 17.000000 |