SOLD
$4,975,000
Date 05/19/2023

324 N Orange Street
Glendale, CA 91203

Retail
Commercial
13,300
Sq. Ft.
0.1787
Acre Lot
Listing Agent: Arthur Ambarachyan CalDRE: 01351863 - National Properties;
CRMLS Homeseekers> California> Glendale> 91203
Available for Sale is this landmark property located in Glendales 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.
GD22132142
Commercial - Retail, Other
1964
Los Angeles
0.1787 Acres
Public
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Listing Agent: Arthur Ambarachyan CalDRE: 01351863 - National Properties;
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