Property profile

625 Colorado St Glendale, CA 91205

OFF-MARKET
Retail space
Property ID
US09-7901430
10,221 SF 0.71 ac lot Built 1988
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This thriving bakery and cafГ©, located at 625 E Colorado Street Unit A in Glendale, CA, presents a unique investment opportunity. Situated on bustling Colorado Avenue, this business enjoys a prime location within a high-traffic area, ensuring a consistent flow of customers. The bakery is renowned for its delicious, traditional Armenian pastries and baked goods, appealing to a broad customer base seeking both quick treats and leisurely dining experiences. The cafГ©'s warm and inviting atmosphere, coupled with its thoughtful design, creates a comfortable and aesthetically pleasing environment for patrons. This well-established business offers a strong foundation for continued success, with potential for growth and innovation within its existing niche. The sale includes the established business, its existing equipment, and its prime location in a desirable Glendale neighborhood. This represents a rare chance to acquire a profitable and beloved community establishment with a proven track record. The business is priced at $320,000. This is an exceptional opportunity for entrepreneurs and investors seeking a turnkey operation in a vibrant and culturally rich area. The property is offered as a business opportunity, and the specific square footage is not provided. The lot size is 0 acres.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1988
Construction WOOD
Total area 10,221 SF
Lot 0.71 ac (30,980 SF)
Zoning code GLCM*
APN 5674-018-043
UPID US09-7901430

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bakery Specialty Food Shop
  • Bakery Specialty Food Shop
  • Discount Store (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Restaurant

Location

625 Colorado St Glendale, CA 91205-1794
Glendale metro Census 302201 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.23M

Owner & transaction history

since 2004
4 recorded transactions
2022
Price N/A
2004
Price N/A
2002
$2.0M
1969
Price N/A

Zoning & alternative use

GLCM* · Glendale, CA
Top alternative use upside
Office building $5.3M +0.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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