Shopping Neighborhood

2541-2547 East Foothill Boulevard

2541-2547 E Foothill Blvd, Pasadena, CA 91107

Listing Price: $1,500,000

Cap Rate
2.58%
Gross SF
3,375
Rentable SF
3,375
Price/Gross SF
$444.44
Lot Size
0.23 acres
Year Built
1946

Investment Overview

Marcus & Millichap is pleased to present 2541-2547 East Foothill Boulevard in beautiful Pasadena, California. This two-unit retail property is located on one of Pasadena’s main streets, Foothill Boulevard, just south of the 210 Freeway off the Sierra Madre/Altadena exit. The property has excellent street visibility and sits amongst other retailers, plazas and medical offices. The first unit consists of a fully built-out kitchen with hood and grease trap included. This is a great opportunity for a food use owner-user or lease tenant as the current tenant is on a month to month lease. The second unit consists of a liquor store with a potential option to purchase the business. As convenience stores are highly sought after as internet proof businesses and with even higher demand during the COVID-19 pandemic. The liquor store is located on the corner of Foothill Boulevard and Del Rey Avenue making it convenient for frequents stops from passing traffic. With 14 parking spaces, and ample street parking, this is a highly sought after property for owner-users and investors alike. The two parcels give opportunity for a smaller medical office or additional retail building to be developed on site creating an ideal situation for owner-users/investors.

Investment Highlights

  • Ideal Owner/User, Value Add Investment Property
  • Free Standing Building on Corner Lot
  • Neighboring Community of Medical Offices + Retail Business
  • Attached Parking Lot with 14 Spaces

Exclusively Listed By

Shopping Neighborhood

2541-2547 East Foothill Boulevard

Listing Price: $1,500,000

Cap Rate
2.58%
Gross SF
3,375
Rentable SF
3,375
Price/Gross SF
$444.44
Lot Size
0.23 acres
Year Built
1946

Investment Highlights

  • Ideal Owner/User, Value Add Investment Property
  • Free Standing Building on Corner Lot
  • Neighboring Community of Medical Offices + Retail Business
  • Attached Parking Lot with 14 Spaces

Investment Overview

Marcus & Millichap is pleased to present 2541-2547 East Foothill Boulevard in beautiful Pasadena, California. This two-unit retail property is located on one of Pasadena’s main streets, Foothill Boulevard, just south of the 210 Freeway off the Sierra Madre/Altadena exit. The property has excellent street visibility and sits amongst other retailers, plazas and medical offices. The first unit consists of a fully built-out kitchen with hood and grease trap included. This is a great opportunity for a food use owner-user or lease tenant as the current tenant is on a month to month lease. The second unit consists of a liquor store with a potential option to purchase the business. As convenience stores are highly sought after as internet proof businesses and with even higher demand during the COVID-19 pandemic. The liquor store is located on the corner of Foothill Boulevard and Del Rey Avenue making it convenient for frequents stops from passing traffic. With 14 parking spaces, and ample street parking, this is a highly sought after property for owner-users and investors alike. The two parcels give opportunity for a smaller medical office or additional retail building to be developed on site creating an ideal situation for owner-users/investors.

Exclusively Listed By

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