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Shopping Strip

550 N Fair Oaks Ave

550 N Fair Oaks Ave, Pasadena, CA 91103

Listing Price: $4,150,000

Cap Rate
4.54%
Gross SF
9,936
Rentable SF
9,936
Price/Gross SF
$417.67
Lot Size
0.23 acres
Year Built
1949

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase 550 N Fair Oaks Avenue, an 8-unit retail investment property located in the city of Pasadena, California. The offering features two commercial properties built in 1949 and 2016 on 0.23-acre of land. 550 N Fair Oaks provides an investor the opportunity to add value while providing a future opportunity to develop a mixed-use community with the future adoption of the Fair Oaks/Orange Grove (FOOG) Specific Plan in 2023*.

Investment Highlights

  • 0.5-mile walk to Old Pasadena.
  • 0.6-mile to Memorial Park Metro L line (Gold) station.
  • Future development potential.
  • Short-term leases for flexible investment strategies.

Exclusively Listed By

Financing By

Shopping Strip

550 N Fair Oaks Ave

Listing Price: $4,150,000

Cap Rate
4.54%
Gross SF
9,936
Rentable SF
9,936
Price/Gross SF
$417.67
Lot Size
0.23 acres
Year Built
1949

Investment Highlights

  • 0.5-mile walk to Old Pasadena.
  • 0.6-mile to Memorial Park Metro L line (Gold) station.
  • Future development potential.
  • Short-term leases for flexible investment strategies.

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase 550 N Fair Oaks Avenue, an 8-unit retail investment property located in the city of Pasadena, California. The offering features two commercial properties built in 1949 and 2016 on 0.23-acre of land. 550 N Fair Oaks provides an investor the opportunity to add value while providing a future opportunity to develop a mixed-use community with the future adoption of the Fair Oaks/Orange Grove (FOOG) Specific Plan in 2023*.

Exclusively Listed By

Financing By

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