Sold

Closed

99 S Lake Avenue 102

Pasadena CA, 91011

$70,000


$58.77 per sqft

Sold

Closed

1,191 sqft

Commercial

Listed by ARTHUR HUANG with Pinnacle Real Estate Group 626-833-1085

This quick service restaurant is a rare find opportunity in the city of Pasadena. Convenient location, Great location, Money Making location on the famous Lake Ave where is close to Green Street and Colorado Blvd. The location currently offers an eclectic menu with unique Poke and Tea that receives rave reviews from patrons. The contemporary designed ambiance provides entertainment pleasure attracting steady customers. High visibility from inside and out. Excellent location with plenty of street parking and foot traffic. 1191 sq.ft spaces with 30 max seat capacities. Sale includes all FF&E. This is a truly unique opportunity to step into a steady and busy turn-key quick service restaurant business setting. Restaurant may be converted to a different concept with landlord's approval. This sale is well priced and represents real value. Trade name may be included in the sale. Call today for more information.

Business Highlights:
*Restaurant Name: Pokemix by Flour+Tea, Established since 2020
*Intersections of Lake Ave & Green Street
*Lease expiration is May 2026, Annual Rent Increase 3%
*Current Lease Rate: $5,249.93/month, CAM: $916.98/month
*30 Max Seat Capacities
*2 Full Time Employees, Monthly Gross: $28,000
*Trade name may be included in the sale.
*Restaurant may convert to a different concept with the landlord's approval.

WS23183658

MLS ID

October 2, 2023

Listed

August 30, 2024

Updated

Map

99 S Lake Avenue 102
Pasadena CA, 91011

Other Property Details

Area Name

699 - Not Defined


Days on Market

296


Garage

No


View

No


County

Los Angeles


Pool

No

Listing History

Date

Event

Price

8/27/2024

Sold

$70,000

7/26/2024

Pending

7/22/2024

Active

6/18/2024

Under contract

11/30/2023

Price change

$100,000

-34%

Listing Contact: 626-888-9808 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 8/30/2024 at 8:22 PM UTC

 

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