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2085 S Towne Ave

0.6 Acres of Commercial Land Offered at £821,573 in Pomona, CA 91766

Investment Highlights

  • Great Visibility
  • Flat Topography
  • Corner Lot
  • Preliminary Plans for a 3 Story, 47 Unit 100% Affordable Multifamily Project

Executive Summary

Major Price Reduction of ($250,000) 26,262 sq. ft. of POC4* zoned land located in the city of Pomona. The corner lot is flat and vacant, with no need to demolish any structures or relocate tenants. The current owner has preliminary plans to develop a 3 Story, 47 Unit, 100% Affordable Multifamily Project. There are other possible uses including a multifamily project with as many as 87 units possible.

Property Facts

Price £821,573 Property Subtype Commercial
Sale Type Investment Proposed Use
Commercial
  • Retail
  • Bank
  • Carwash
  • Community Centre
  • Daycare Centre
  • Fast Food
  • General Freestanding
  • Healthcare
  • Hold For Development
  • Medical
  • Restaurant
No. Lots 1 Total Lot Size 0.60 AC
Property Type Land Cross Streets Philadelphia St.
Price £821,573
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Bank
  • Carwash
  • Community Centre
  • Daycare Centre
  • Fast Food
  • General Freestanding
  • Healthcare
  • Hold For Development
  • Medical
  • Restaurant
Total Lot Size 0.60 AC
Cross Streets Philadelphia St.

1 Lot Available

Lot 1

Price £821,573 Lot Size 0.60 AC
Price Per AC £1,362,717
Price £821,573
Price Per AC £1,362,717
Lot Size 0.60 AC

26,262sf POC4-zoned lot in the city of Pocoma. Lot is flat and vacant. Preliminary plans in place to develop a 3-story, 47-unit, 100% affordable, multifamily project.

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PROPERTY TAXES

Parcel Number 8331-004-047 Improvements Assessment £0
Land Assessment £529,140 Total Assessment £529,140

PROPERTY TAXES

Parcel Number
8331-004-047
Land Assessment
£529,140
Improvements Assessment
£0
Total Assessment
£529,140

zoning

Zoning Code C4
C4
(310) 422-8052

  • Listing ID: 29300683

  • Date on Market: 17/08/2023

  • Last Updated:

  • Address: 2085 S Towne Ave, Pomona, CA 91766

The Land Property at 2085 S Towne Ave, Pomona, CA 91766 is currently available For Sale. Contact Marcus & Millichap for more information.

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© 2024 CoStar Group

2085 S Towne Ave
(310) 422-8052 x

2085 S Towne Ave

Jon Emrani

(310) 422-8052

(310) 422-8052

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