Courtesy of: Jerry Sun | RE/MAX Premier Properties
Purchase Type: Rental
MLS ID: AR21083512
Days On Market: 52
Year Build: 1923
Lot size: 0.159
Property Type: Commercial Lease
Property Subtype: Business
New Construction: No
Swimming Pool: No
Address: 883 N Lake Avenue
County: Los Angeles
Neighborhood: 646 - Pasadena (ne)
High Profile Leasing Opportunity Awaits-Freestanding retail property with onsite parking.
This free-standing retail store building is situated in the desirable Maison neighborhood of Pasadena. It is in a major commercial and retail precinct with high traffic visibility on Lake Avenue. The property is close to a full range of local amenities and retailers, including Starbucks, Big Lots, Food for Less, Roma Market, Ralphs, McDonald’s, KFC, Del Taco, 7-Eleven, banks, USPS, UPS store, AAA, local recreation park, Old Town Pasadena, and a variety of restaurants (The Hat, The Reyn, Roscoe's Chicken, Wingstop, Pinocchio's Pizza, Mexican Restaurants and more). In addition, there is easy access to the 210 & 710 freeways and public transportation. The property is benefiting from this busy thoroughfare, making it an ideal place to run a business, retails, general office, and any professional service.
This retail property sits on a 6,897 square foot lot with two storefront retail stores. One of the occupied tenants is a medical SPA (#887). The tax office (#883) is available for lease (their contract ends May 30th). The large on-site private parking lot offers 8 free surface parking spaces for both tenants. Each tenant has their separate electric meters and water meters and is each responsible for the charges. The leasable area is approx.1,200 square footage. The monthly leasing fee is $2,900 per month with a contract term for a minimum of 2 years. The property is a leasable space that’s particularly ideal for small business owners during this pandemic.