Investment Overview

Marcus & Millichap is pleased to exclusively market for sale or lease, 1000 S. Central Ave, Glendale, CA is a high-profile commercial property strategically located at the northeast signalized corner of S. Central Avenue and Chevy Chase Drive. Built in 1966 and extensively renovated in 2013, this ±33,818 square foot building sits on a generous 2.39-acre lot and offers approximately 166 surface parking spaces, equating to a favorable 4.6 spaces per 1,000 square feet. The site is zoned by GLC3 (Commercial Services), which allows for a wide variety of commercial uses per the City of Glendale’s zoning regulations, making it ideal for retail, services, or redevelopment. Formerly home to Albertson’s Grocery with Sav-On Pharmacy and more recently occupied by JoAnn Fabrics for over 11 years, the property presents a prime opportunity for repositioning. Investors may consider demising the space to accommodate multiple national retailers, leveraging Glendale’s strong market fundamentals to enhance rental income. Retail market rents in this corridor range from $48 to $60 per square foot. This site boasts excellent visibility and accessibility, with approximately 255.9 feet along Central Avenue and 212.25 feet along Chevy Chase Drive - providing uninterrupted linear exposure on two major thoroughfares. Central Avenue is one of Glendale’s busiest retail corridors. Multiple ingress and egress points support ease of access for both customers and deliveries, including an additional access point from Acacia Ave. The surrounding area is a strong retail corridor, featuring nearby national tenants such as Taco Bell, Starbucks, CVS, Bank of America, Carl’s Jr, Vons, Lexus of Glendale, Pacific BMW, Toyota, Subaru of Glendale, Allen Gwynn Chevrolet, Harley Davidson of Glendale, Glendale Nissan, America’s Tire, and Enterprise Rent-A-Car drawing consistent consumer traffic. Over 40,000 vehicles per day are estimated to pass on Central Ave and Chevy Chase Drive add further appeal, making this a prime location for both established brands and emerging retailers. Dignity Health - Glendale Memorial Hospital and Health Center is within 0.6 mile, with 334 beds, over 1,000 employees, and 500 physicians. The area surrounding 1000 S. Central Ave is densely populated with a mix of single-family homes and multifamily residential buildings. Notably, 1005 S. Central Ave, located directly across the street, is an apartment community offering studio units. Other nearby apartment complexes include Arista Glendale at 520 N Central Ave, offering 2-bedroom rentals, and Altana Apartments in downtown Glendale, featuring luxury units with first-class amenities. This residential density provides a substantial customer base within walking distance, enhancing the property’s appeal for retail and service-oriented businesses. The property benefits from excellent public transportation access. The Glendale Beeline, the city’s municipal bus service, operates 12 routes connecting Glendale with Burbank, La Cañada Flintridge, and unincorporated areas of Los Angeles County. Routes 11 and 12 serve the Glendale Transportation Center, providing connections to Metrolink and Amtrak services. Additionally, Metro buses run through Glendale, connecting the city to various parts of the Los Angeles Metro Area. Glendale’s reputation as a thriving commercial and residential community further enhances the site’s investment profile. With its central location, flexible zoning, and redevelopment potential, 1000 S. Central Ave offers an exceptional opportunity for value creation through strategic leasing or repositioning.