$4,975,000
$4,999,900
0.5%For more information regarding the value of a property, please contact us for a free consultation.
324 N Orange ST Glendale, CA 91203
13,300 SqFt
Key Details
Sold Price $4,975,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 13,300 sqft
Price per Sqft $374
MLS Listing ID GD22132142
Sold Date 05/19/23
HOA Y/N No
Year Built 1964
Lot Size 7,784 Sqft
Property Description
Available for Sale is this landmark property located in Glendale’s Downtown Specific Plan (Mid-Orange). The building is ideal for an investor, developer, or owner/ user looking to acquire an asset in Downtown Glendale with limitless potential and phenomenal location.
This property currently hosts an in-the-round stage with 380 up close seats, where no seat is more than 9 rows away from the performers and contains over 13,300 rentable square feet on two floors. Whether utilized for the performing arts or corporate meetings, this extraordinary feature is a unicorn. Take advantage of the vibrant growing Glendale market, parking benefits, and repurpose to a wide array of uses such as venue rentals, dinner theater, academic venue, private club, restaurant, entertainment, office, banquet hall, and more. The property is zoned GLC3 and has credits for 370 parking spaces (28.6/1000) with its current use as a theater.
This property is in the Mid-Orange district where arts-oriented uses such as galleries and stage theaters are encouraged as well as low-rise mixed-use development. The property can be further developed as follows: Without the community benefit - 15,572 sqft mixed use at 65 ft in height or with the community benefit - 23,358 sqft at 95 ft in height.
Property is 100% vacant and available! We strongly suggest all interested parties inquire directly with the City of Glendale about change of use, parking, and other restrictions.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Heating Central, Forced Air
Cooling Central Air
Fireplace No
Laundry Inside
Exterior
Utilities Available Electricity Connected, Sewer Connected
Building
Lot Description 0-1 Unit/Acre
Water Public
Others
Tax ID 5643020047
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Other
Special Listing Condition Standard
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Bought with Alyson Richards • Compass