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    766 Colorado Blvd Pasadena, CA 91101

    For Lease
    $36 SF/Yr

    Historic building, flexible suites, prime location.

    Lot size:
    14,574 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 14,574 square foot commercial property at 766 E Colorado Blvd in Pasadena, CA 91101 presents a unique investment opportunity. The building, a Class B property constructed in 1924 and renovated in 2000, offers a blend of historic charm and modern functionality. Currently featuring multiple tenancies, there are three available spaces ranging from 550 to 3,840 contiguous square feet, with a total of 9,264 square feet currently vacant. The property is ideally suited for creative office users, coffee shops, or restaurants, given its "Creative Office" subtype designation. The building sits on a 13,345 square foot lot and comprises one two-story building with one elevator. While the exact number of parking spaces is unavailable, the building does offer elevator access for convenient multi-level use. Second-floor office spaces are anticipated to be completed by August 2024. This prime Pasadena location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a unique and well-situated space. The minimum divisible space is 550 square feet, providing flexibility for various business needs.

    Property Features for 766 Colorado Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,574 SF
    Class
    B
    Total Rate
    43722

    Building Details

    Year Built/Renovated
    1924/2000
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 200
    Size
    3,840 SF
    Rate per SF
    $36
    Space
    Suite 207
    Size
    3,210 SF
    Rate per SF
    $40
    Space
    Suite 206
    Size
    1,664 SF
    Rate per SF
    $36

    HighLights

    • Prime mixed‑use building, one block from Lake Avenue.
    • Ground floor anchored by Lee's Sandwiches and Nail Spa & Lashes by Tammy.
    • Upper floors occupied by a diverse tenant mix of creative, legal, and financial professionals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Immigration Law Office ... Immigration Attorney Ananya Aesthetics Medical Spa Diversity Financial & Insurance ... Insurance Agency Dierks Dryer Vent ... Cleaners Nails Spa & Lashes ... Nail Salon

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.13446416
    Latitude
    34.14586943

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    FAQs

    What type of property is this?
    Restaurant - Historic building, flexible suites, prime location.
    Where is this restaurant located?
    The property is located at 766 Colorado Blvd Pasadena, CA.
    What is the lease rate?
    The lease rate is $36-$40 SF/Yr.
    What are key features of this property?
    This property features: Prime mixed-use building, one block from Lake Avenue.; Ground floor anchored by Lee's Sandwiches and Nail Spa & Lashes by Tammy.; Upper floors occupied by a diverse tenant mix of creative, legal, and financial professionals.
    Request Owner's contact information
    766 Colorado Blvd Pasadena, CA 91101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    766 Colorado Blvd Pasadena, CA 91101
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