EXPERT SERVICE. EXCEPTIONAL RESULTS.

1479 E. Broadway

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 SOLD $7,200,000 | Religious Facility/ Church

Marvelous & Rare Religious Facility / Church in Prime Glendale with Approx. 20,000 Sqrft Building & 51,000 Sqrft Lot.

Extremely rare opportunity to purchase an amazing religious facility/church with in a wonderful, prime Glendale location. One block from the intersection of Harvey and Broadway, just off of the 2 and 134 freeways. May also be ideal, per approvals from the City of Glendale, for a school, daycare facility, or a development site (apartment complex, condos/towhhomes, senior/adult assisted living, etc. check with the City). The lot is over 51,000 sq. ft, zoned Glendale R2250 with a street frontage of approximately 208 feet. Over 20,200 sq. ft. of building, featuring a newer stained glass accented Sanctuary currently seating about 250 congregants, with potential for 300+ seating. The original Sanctuary, over 4,000 sq. ft., may have seated 600-700 is now being used as the fellowship hall and gymnasium. There are 11-12 large class rooms, 3 private offices, 7 restrooms, kitchen facilities, nursery area and parking for at least 45 cars. Lots of public parking about a block away. Constructed in 1967 and 1983. A Montessori School is currently leasing approximately 1,500 sq. ft. at $4,500 per month. Lease expires at the end of 2018. Bank appraised over 12 years ago for $6,600,000. Cash buyers or no loan or appraisal contingency buyers are anticipated. Sellers may wish to occupy the property for 2-4 months after closing at a nominal cost.
Co-Listed with Lane Aronson, Berkshire Hathaway Los Feliz.