324 N Orange Street, Glendale, CA 91203

About this commercial property

Available for Sale is this landmark property located in Glendale’s Downtown Specific Plan (Mid-Orange). The building is ideal for an investor, developer, or owner/ user looking to acquire an asset in Downtown Glendale with limitless potential and phenomenal location. This property currently hosts an in-the-round stage with 380 up close seats, where no seat is more than 9 rows away from the performers and contains over 13,300 rentable square feet on two floors. Whether utilized for the performing arts or corporate meetings, this extraordinary feature is a unicorn. Take advantage of the vibrant growing Glendale market, parking benefits, and repurpose to a wide array of uses such as venue rentals, dinner theater, academic venue, private club, restaurant, entertainment, office, banquet hall, and more. The property is zoned GLC3 and has credits for 370 parking spaces (28.6/1000) with its current use as a theater. This property is in the Mid-Orange district where arts-oriented uses such as galleries and stage theaters are encouraged as well as low-rise mixed-use development. The property can be further developed as follows: Without the community benefit - 15,572 sqft mixed use at 65 ft in height or with the community benefit - 23,358 sqft at 95 ft in height. Property is 100% vacant and available! We strongly suggest all interested parties inquire directly with the City of Glendale about change of use, parking, and other restrictions.

Listing description from the May 2023 sale, as reported to CRMLS.

Sale history

$4,975,000

Sold May 2023 · listed $4,999,900, on market June 2022 · MLS #GD22132142 · Source: CRMLS

Listing Agent: Artur Ambarachyan · Listing Office: National Properties · Contact: 818-230-3228 · Bought with: Alyson Richards · Compass

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