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Investment Highlights
- Large open main building ideal for many uses. Within a block of shopping on Central. Easy freeway access
- Tenant has expressed interest in executing a long-term lease
- Existing tenant is currently in occupancy on a month-to-month basis
- Potential church-related property tax exemptions
Executive Summary
Rare opportunity to obtain a very flexible space in the heart of bustling Glendale. This beautiful church property is a located on a quiet street in Glendale, just a half a block from shopping on Central Ave. Zoned for multifamily, the potential uses include a school, daycare, group living, multifamily units, a large single family home, a redevelopment play, or continue as a church. The options are up to you! The church includes the main sanctuary, a lobby with 2 bathrooms, a kitchen, a large dining/classroom area, and offices with an additional bathroom in the rear. There is also a large detached finished storage building that could be repurposed for any number of uses. This approximately 3000' main building sits on a large nearly 7300' lot. plus an approximately 500' detached storage building that could be perfect for a conversion to ADU, garage, or whatever you have in mind. Located on a quiet street within 1 block of shopping district.
The property may be particularly relevant to faith-based organizations or investors evaluating church occupancy scenarios. Certain ownership and occupancy structures involving churches may qualify for property tax exemptions under applicable regulations. State passes on property tax exemption to owner if lease with the church is written out properly. Any exemption eligibility, lease requirements, ownership structure, and transferability of benefits should be independently verified by qualified legal and tax professionals.
The property may be particularly relevant to faith-based organizations or investors evaluating church occupancy scenarios. Certain ownership and occupancy structures involving churches may qualify for property tax exemptions under applicable regulations. State passes on property tax exemption to owner if lease with the church is written out properly. Any exemption eligibility, lease requirements, ownership structure, and transferability of benefits should be independently verified by qualified legal and tax professionals.
Property Facts
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Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5640-009-004 | Improvements Assessment | $590,164 CAD |
| Land Assessment | $1,264,637 CAD | Total Assessment | $1,854,801 CAD |
Property Taxes
Parcel Number
5640-009-004
Land Assessment
$1,264,637 CAD
Improvements Assessment
$590,164 CAD
Total Assessment
$1,854,801 CAD
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