1130 Colorado Blvd Pasadena, CA 91106
- Parking lots & garages
- 10,000 SF
- 0.23 lot acres
Current Use by Public Records
- FedEx ShipSite / Postal Service / Courier Service
- Office Depot Print & Copy Services / (Bike/Boat/Book/etc) Store / Printing Service
- Primo Water Exchange / Big Box & Wholesale Store
- Coinhub Bitcoin ATM Teller / Atm
- Office Depot Photo Gifts / (Bike/Boat/Book/etc) Store
Property Details for 1130 Colorado Blvd
- Year built
- 1952
- Lot size
- 0.23 lot acres
- Property size
- 10,000 SF
- Zone code
- PSC*
- Property type
- Parking lots & garages
- APN
- 5735-012-003
- APU
- 5735012003
Description
This exceptional retail property, located at 1130 Colorado Boulevard in Pasadena, California, presents a compelling investment opportunity. The property boasts a substantial 24,076 square feet of improved space situated on a sizable 0.87-acre lot (60,092 square feet). Its prime location along the highly trafficked Colorado Boulevard ensures exceptional visibility and accessibility, attracting a large volume of potential customers. The property benefits from its position within a vibrant and thriving Pasadena community, close to major transportation arteries, ensuring convenient access for both employees and customers. The property has a proven track record of consistent rental income, demonstrating its strong market position and potential for future growth. This makes it an attractive proposition for investors seeking a stable, high-return investment in a desirable location. The substantial size of the property offers significant flexibility for a variety of retail uses, or potential for future development, subject to local zoning regulations. The robust local economy and increasing demand for commercial space in Pasadena further enhance the long-term investment potential of this remarkable property. This is a rare opportunity to acquire a significant retail asset in a highly sought-after area of Pasadena. The property's size, location, and proven income stream combine to create a compelling investment case.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $9,225,000
- ML approach
- $7,290,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $10,591,000
Market price range: $2.09M - $10.6M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $6,995,000
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Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Los Angeles
- State
- California
- Longitude
- -118.127
- Latitude
- 34.1455
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA