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    510 Lake Ave Pasadena, CA 91101

    Sponsored
    For Lease
    $24 SF/Yr ($10,194 /Mo)

    Prime Pasadena retail space, 2,226-2,871 sq ft available.

    Lot size:
    5,097 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity presents a 5,097 square foot standalone building situated at 510 N Lake Ave in Pasadena, CA 91101. The property boasts a highly visible 55-foot storefront on Lake Avenue, offering excellent exposure to a substantial volume of traffic. With a total of 5,100 square feet currently vacant, this space is divisible into units ranging from a minimum of 2,226 square feet to a maximum contiguous area of 2,871 square feet, providing flexibility for various business needs. Built in 1941, the Class C building sits on a 0.19-acre lot and offers approximately 2.35 parking spaces per 1,000 square feet. Its convenient location is a significant advantage, being just a block and a half north of the 210 Freeway and directly off the 210 Lake Avenue freeway off-ramp. The surrounding area is vibrant, with a concentration of professional offices, retailers, restaurants, and cafes, ensuring high foot traffic and a strong customer base. The property is zoned CL SP-1e (APN: 5732-016-037), making it ideal for a variety of retail uses. This is a rare opportunity to secure a well-located, highly visible retail space in a thriving Pasadena neighborhood.

    Property Features for 510 Lake Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,097 SF
    Class
    C
    Total Rate
    10194

    Building Details

    Year Built
    1941

    Unit(s) available at that property

    Space
    510 N Lake Ave
    Size
    2,871 SF
    Rate per SF
    $24

    HighLights

    • Two restrooms.
    • HVAC system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Amazon Hub Counter ... Shipping And Mailing Service Professional Boxing Equipment Martial Arts Supply Store

    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
    -118.13242122
    Latitude
    34.15478512

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    FAQs

    What type of property is this?
    Retail property - Prime Pasadena retail space, 2,226-2,871 sq ft available.
    Where is this retail property located?
    The property is located at 510 Lake Ave Pasadena, CA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Two restrooms.; HVAC system.;
    Request Owner's contact information
    510 Lake Ave Pasadena, CA 91101
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    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
    510 Lake Ave Pasadena, CA 91101
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