Wednesday, October 19, 2005
PROPERTY OVERVIEW
The
Historic Raymond Theatre is located at the corner of Raymond
Avenue and Holly Street in the heart of an Old Town Pasadena,
which is one of the most popular entertainment and shopping
districts in the Los Angeles area.
The theatre was built about 1921. It has 2,000 seats, a main
floor and balcony, two lobbies,
a
40 x 40 stage
and
full fly loft,
nine dressing rooms, four restrooms,
a
box office, kitchen and
an
underground screening room.
There is an adjoining parking lot that is for sale with the
Raymond Theatre. The parking lot can be redeveloped to retail,
office, housing or perhaps other entertainment related uses.
The parking comes with variances that would allow a 65-foot
building to be built on the parking lot (currently 45 feet is
allowed in the area).
The Raymond Theatre is the last privately owned venue of it's
size, that can offer major events
to the
San Gabriel Valley
region. It has a track record of decades of sold out events
with internationally known artists.
We are not the owners of the Raymond Theatre. We are a
preservation organization working of find a buyer to purchase
the theatre from the owner.
Our goal is to find a buyer for the theatre who will retain it
as a multi-use venue. The theatre is being sold with an
adjoining parking lot that could be retained for parking or
developed. We can supply you with a business plan, a list of
required permits, code requirements and conceptual drawings. We
can also put you in contact with operators or national promoters
who are interested in long-term exclusives.
PROPERTY INFORMATION:
Address: 129 N. Raymond Ave., Pasadena, CA 91103
TG Map: 565 H4
APN: 5723-021-018, 5723-021-019, 5723-021-020
Zoning: PSCD
Land Area: 18,047 sq. ft. Theatre; 12,636 sq. ft. Parking
Lot
Dimensions: 170 ft. on Raymond Ave., 180.5 ft. on Holly St.
Total Building Area: 19,800 sq.
ft.
Year Built: Circa 1921
Parking: Yes, by variance in nearby parking garage
Alcohol: No current license, but allowable
Asking Price: Theatre
& Parking lot
$5,500,000 (negotiable)
*The above information deemed reliable but not guaranteed.
Buyer is advised to independently verify information through
personal inspection, appropriate professionals and the owner of
the theatre property.
