Retail Space
187 North Sierra Madre Boulevard Pasadena, CA 91107
Details & Description
Price: $2,890,000
    KW Commercial is pleased to present this business and real estate opportunity within the city of Pasadena. The property consists of 3,574 SF restaurant on 14,334 SF C zoned triangular signalized corner lot. The property has great visibility being elevated 4 FT above street level with approximately 132 FT along Sierra Madre Blvd & 165 FT along Carmelo Ave, which is visible from Foothill Blvd as well. The venue sits along the Rose Parade Route allowing great views for its customers.The Avanti brand has won multiple awards over the years. The brand started over 32 years ago with a Gourmet Italian Café on Lake Ave. in Pasadena and later opening an Italian Bistro & Bar in late 2014. They have closed the Gourmet Italian Café in 2018 on Lake Ave. to concentrate on the Italian Bistro & Bar and transition themselves into retirement. The restaurant space underwent extensive reconstruction and renovation over a two year period ending in late 2014, allowing for a more efficient layout for better operation. The renovation included all new interior walls, reconstructed exterior walls, new architectural brickwork inside & out, brand new flooring throughout, brand new self contained fireplace, permitted storage room outside the kitchen, new complete copper plumbing & sewer system, brand new roof, new complete electrical system, 3 new 3-Phase 480 volt air conditioners, roofed patio with outdoor seating, exhibition kitchen with service kitchen in the rear, all brand new alliances in both kitchens, new circular bar with brand new appliances, and 3 ADA compliant bathrooms, one designated for employee use. All materials used are considered to be of high-grade architectural quality. The electrical system consists of 2 panels a 400 amp 110/220 volt & 400 amp 3 phase 480 volt. The restaurant is currently only using about 25% of its 3 phase 480 volt power capacity.
    Listing Agents
    David Yashar
    KW Commercial
    O: 310-724-8043
    dyashar@kw.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    187 North Sierra Madre Boulevard

    Pasadena, CA 91107

    Listing ID: 273795
    • 187 North Sierra Madre Boulevard Pasadena, CA 91107 | for Sale | Photo 1
    • 187 North Sierra Madre Boulevard Pasadena, CA 91107 | for Sale | Photo 2
    187 North Sierra Madre Boulevard | for Sale | Thumbnail 1
    187 North Sierra Madre Boulevard | for Sale | Thumbnail 2
    Building Size: 3,574 SF
    Lot Size: 0.329 AC
    Land Size: 14,334 SF
    Building $/SF: $808.62
    Land $/SF: $201.62
    Price
    $2,890,000
    Description

    KW Commercial is pleased to present this business and real estate opportunity within the city of Pasadena. The property consists of 3,574 SF restaurant on 14,334 SF C zoned triangular signalized corner lot. The property has great visibility being elevated 4 FT above street level with approximately 132 FT along Sierra Madre Blvd & 165 FT along Carmelo Ave, which is visible from Foothill Blvd as well. The venue sits along the Rose Parade Route allowing great views for its customers.

    The Avanti brand has won multiple awards over the years. The brand started over 32 years ago with a Gourmet Italian Café on Lake Ave. in Pasadena and later opening an Italian Bistro & Bar in late 2014. They have closed the Gourmet Italian Café in 2018 on Lake Ave. to concentrate on the Italian Bistro & Bar and transition themselves into retirement. The restaurant space underwent extensive reconstruction and renovation over a two year period ending in late 2014, allowing for a more efficient layout for better operation. The renovation included all new interior walls, reconstructed exterior walls, new architectural brickwork inside & out, brand new flooring throughout, brand new self contained fireplace, permitted storage room outside the kitchen, new complete copper plumbing & sewer system, brand new roof, new complete electrical system, 3 new 3-Phase 480 volt air conditioners, roofed patio with outdoor seating, exhibition kitchen with service kitchen in the rear, all brand new alliances in both kitchens, new circular bar with brand new appliances, and 3 ADA compliant bathrooms, one designated for employee use. All materials used are considered to be of high-grade architectural quality. The electrical system consists of 2 panels a 400 amp 110/220 volt & 400 amp 3 phase 480 volt. The restaurant is currently only using about 25% of its 3 phase 480 volt power capacity.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Los Angeles History of Retail Space for Sale

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    Pasadena Area Market Trends

    Listing Demographics for 187 North Sierra Madre Boulevard Pasadena, CA 91107

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population20,423181,222450,178
    Population Median Age404041
    Population by Age0-9 Yrs2558 (12%)20489 (11%)48650 (10%)
    10-19 Yrs1484 (7%)17431 (9%)47180 (10%)
    20-29 Yrs2524 (12%)25399 (14%)58923 (13%)
    30-39 Yrs3834 (18%)27009 (14%)62215 (13%)
    40-49 Yrs3128 (15%)25861 (14%)65259 (14%)
    50-59 Yrs2444 (11%)24635 (13%)63207 (14%)
    60-69 Yrs2304 (11%)19776 (10%)51279 (11%)
    70+ Yrs2147 (10%)20623 (11%)53465 (11%)
    Median HH Income$93,840$87,311$83,782
    Total Household Income< 24K941 (11%)11690 (16%)26321 (16%)
    25-49K1023 (12%)9247 (13%)23969 (14%)
    50-74K1217 (14%)9387 (13%)23280 (14%)
    75-99K1236 (15%)8652 (12%)20181 (12%)
    100-199K2423 (29%)18899 (27%)43953 (27%)
    200K+1385 (16%)11295 (16%)23616 (14%)
    Highest Education LevelNo Diploma11031301538878
    Diploma or GED20851788255034
    Some College25551980652181
    Assoc. Degree1273944224302
    Bachelors Degree48094106693562
    Higher Degree37213264666536
    Total Housing Units9,14676,860176,681
    --Owner-Occupied4,16732,92780,495
    --Renter-Occupied4,05836,24280,825
    Owner-Occupied Values< 100K45328905
    100-199K53195516
    200-299K6303698
    300-399K14310572858
    400-499K22818885397
    500K+36912915770121
    Total Working Age Population16,964150,177372,826
    In Work Force12,04496,608236,129
    Not In Work Force4,92053,569136,697
    Workforce Employed11,66392,643225,627
    Workforce Unemployed3823,94310,421
    Civlian Workforce12,04496,585236,048
    Military Workforce02380
    Total Households8,22569,169161,320
    Family Households5,05643,148108,562
    Non-Family Households3,16926,02252,758
    Married Couple3,82432,75679,020
    Other Family1,23110,39129,542
    Married w/Child1,63313,20232,300
    Single Male w/Child1279282,676
    Single Female w/Child2642,6917,242

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    California33,871,648+1037,253,956+940,467,295+843,631,295
    Los Angeles County9,519,338+39,818,605+610,369,367+410,759,850

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 187 North Sierra Madre Boulevard in Pasadena?
    The asking price for 187 North Sierra Madre Boulevard is $2,890,000
    What is the building size of this Retail property in Pasadena, CA?
    The size of the building/unit at 187 North Sierra Madre Boulevard in Pasadena is 3,574 square feet
    How much land does the Pasadena, CA property at 187 North Sierra Madre Boulevard include?
    187 North Sierra Madre Boulevard in Pasadena includes 0.329 acres of land
    What kind of Retail is the propery at 187 North Sierra Madre Boulevard?
    The property at 187 North Sierra Madre Boulevard Pasadena, CA 91107 is listed as a Food Service Retail property
    What is the population within 1 mile of 187 North Sierra Madre Boulevard in Pasadena?
    The population within 1 mile of 187 North Sierra Madre Boulevard Pasadena, CA 91107 is 20,423 people.
    Who do I contact for questions about 187 North Sierra Madre Boulevard?
    You should contact the listing agent, David Yashar, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Los Angeles International Airport (LAX) 23
    Ontario International Airport (ONT) 29
    John Wayne Airport-Orange County Airport (SNA) 35
    Price
    $2,890,000
    Listing Agent
    More listings from David Yashar
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