Glendale, CA 91203,324 N Orange ST
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Glendale, CA 91203,324 N Orange ST
Glendale, CA 91203,324 N Orange ST
Glendale, CA 91203,324 N Orange ST
Glendale, CA 91203,324 N Orange ST

$4,975,000

Est. payment /mo

$4,999,900

0.5%
Est.Price: ?

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324 N Orange ST Glendale, CA 91203

13,300 SqFt

SOLD DATE : 05/19/2023

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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California Regional MLS (CRMLS)
Listed by Artur Ambarachyan • National Properties
Bought with Alyson Richards • Compass

Alexander Duarte

CEO | i01970077

+1(714) 376-9253

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