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For Sale: Pasadena’s Historic Raymond Theatre
posted by
FriendsOfTheRaymondTheatre
on
January 19, 2004 at 8:25 am
PASADENA, CA — The Raymond Theatre (formerly known as the Crown Theatre or Perkin’s Palace) is for sale.
It is located in Old Town Pasadena, two short blocks from the popular Old Town shopping, dining and entertainment district. It features 2,000 seats, main floor and balcony, two lobbies, four restrooms, a 40'x40' stage, and eight dressing rooms with flyloft and rigging.
The theater was once one of Los Angeles' top concert venues, featuring acts such as Bruce Springsteen, Fleetwood Mac, Phil Collins, Willie Nelson, Tina Turner, and others. It has a great legacy of live performances. With the right buyer, the theater can once again function as a concert or mixed-use venue.
It can be sold separately or with it’s adjoining parking lot. The parking lot comes with city-granted variances to build a 65 foot building on the parking lot. Proposed uses for the parking lot could include offices, retail, nightclub, or any type of mixed-use project.
The theater is on the National Register of Historic Places. It was built in 1921. It’s architectural style is Beaux-Arts/Georgian. It has an ornate interior including orchestra balconies and indoor fountains.
It is the only theater left of its size and stature that could provide shows to the San Gabriel Valley area. It’s been a very successful venue for 80 years.
The theater is facing redevelopment to an apartment building if not sold before May 2004. If needed, we can provide a national promoter, corporate sponsorship, and professional theater management.
Visit the Raymond Theatre website at: www.raymondtheatre.com
Contact information:
Friends of the Raymond Theatre
Office: (818) 541-9522
Fax: (818) 541-9523
E-mail:
Comments (3)
The price is $3.0 million for Raymond Theatre and $1.3 for the adjoining parking lot. The theater comes with (if needed) a national promoter that can bring in over 100 dates a year, corporate sponsorship of approx. $1 million annually and the former management team. The parking lot comes with variences to build a 65 foot building (of any size) on the site. The properties can be sold separately.
Friends of the Raymond Theatre
Our lawsuit against the City of Pasadena for breach of CEQA law still continues. We are currently in the appellate courts. Our case will be heard in May 2004. If we can help sell the theater before that date, it will be saved!
You can check our website or subcribe to our monthly newsletters for for updates on our efforts: www.raymondtheatre.com or
We are still seeking a buyer for the theatre, or people interested in being a partner in the project with other investors. Here’s your chance to purchase or be a part owner in one of the last great movie palaces for sale in Los Angeles! Please contact us if interested.
Friends of the Raymond Theatre
Office: (818) 541-9522
E-mail:
Website: www.raymondtheatre.com