Property Listing No Longer Available for Sale

1974-1992 N. Lincoln Ave., Pasadena, CA

Retail for Sale - $1,100,000 - 7,943 Sq. Ft. on 45 acres


Property Info

CIMLS#295618
Location
  1974-1992 N. Lincoln Ave.
  Pasadena CA 91103
UpdatedJanuary 4th, 2012
TypeRetail
Price$1,100,000
Building7,943 Sq. Ft.
Land45 acres

Property Description

Owner user or great investment property. Seller will finance on approval of credit and substantial down payment.

$500K PRICE REDUCTION! First time on market in 50 years. Pasadena, perfectly suited for retail stores or owner user, ready to be revitalized. The main building is approximately 5,000' (per assessor) plus additional buildings in the aggregate of 2,943' (per assessor). Truss roof masonry buildings that need a little paint, a little glass a little bit of TLC, and you have a charming, old town feel and ambiance.

Divisible to 800', can be leased to multiple tenants, studios, antique shops, retail stores, neighborhood market. (Buyer to verify)

Possible alternative uses, antique shop, warehouse, auto body shop, or light industrial, as it is currently zoned to accomodate such uses, (Buyer to verify). AQMD rights are owned by the current owner and will be available to the successful buyer at a reasonable price.

Currently owner occupied, it can be delivered vacant at close or if sold at list price, Seller is willing to rent for an additional 1 year at $10,723.05 NNN per month.

Owner is willing to consider carrying a first TD with a substantial down payment OAC.

Also available for lease minimum divisible to 800'.

Located in the Lincoln revitalization corridor, this property is directly on Lincoln next to Kettle's Nursery, between Wyoming and Montana. With direct access from the alley, a few blocks south of 24 Hour Fitness Center, south of Woodbury.


Financials

Seller will lease back for 12 months allowing buyer to rehab, lease up and stabilize the property.


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