215-221 N Central Ave - Excellent Development Opportunity 1 Acre of Commercial Land Offered at $18,491,085 CAD in Glendale, CA 91203

Hudson Partners is pleased to present a unique opportunity to develop an infill mixed use project along Central Avenue in Glendale, CA. The site is an assemblage of six (6) parcels located in downtown Glendale central to the area’s prolific investment activity. This desirable location is less than two blocks away from highly trafficked 1.6 million square foot Glendale Galleria and the Iconic Americana at Brand. The property is currently improved with two buildings, previously Clancy’s restaurant, of approximately 12,240 square feet situated on a 43,592 square foot parcel. The current zoning and specific plan allow for a redevelopment of multifamily, hospitality, retail, medical or combination of the uses. Currently the City of Glendale is going through a residential boom with over 5,000 luxury apartment units recently completed or under construction within the downtown Glendale submarket. Glendale currently commands the highest multi-family rents in the San Gabriel Valley where occupancy is above 97%. In addition, the location of the site benefits from a dense and affluent consumer base of over 600,000 people with average household income of over $92,000 Within a five-mile radius. This property is strategically located the epicenter of the urban core of Glendale making this an extremely attractive redevelopment opportunity.
The property is located on one of city of Glendale’s primary corridors, Central Avenue connecting major business and retail hubs nearby. The site experiences extraordinary daily commuter traffic and is located near Central/Broadway intersection.