Description

106 Palmetto Drive presents a rare opportunity for both owner-users and investors to acquire a well-located office asset in Pasadena’s highly desirable 91105 submarket. The property consists of a 2,286-square-foot single-story masonry office building situated on a functional 5,610-square-foot rectangular lot, offering immediate occupancy potential along with long-term value-add and redevelopment opportunities. Featuring six dedicated on-site parking spaces, the property provides a favorable parking ratio and convenience that is increasingly difficult to find in infill Pasadena locations. Built in 1970, the building offers solid construction and a practical layout, while presenting an opportunity for cosmetic renovations and modernization to accommodate a variety of professional, medical, creative, or service-oriented users. The site is zoned SFO-CF (South Fair Oaks Commercial Flex), a highly flexible designation that permits a broad range of uses including office, medical, retail, personal services, and mixed-use residential development, subject to applicable city requirements. Additionally, the zoning allows for higher-density residential projects and building heights of up to 45 feet, creating significant future redevelopment potential. Located near Old Town Pasadena, major healthcare institutions, employment centers, and key transportation corridors, the property benefits from strong surrounding demographics, excellent accessibility, and proximity to numerous amenities. With flexible zoning, on-site parking, and a strategic location in a supply-constrained market, 106 Palmetto Drive offers a compelling opportunity for owner-users seeking control of their occupancy costs or investors pursuing a versatile infill asset with both immediate functionality and long-term upside.