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158 2nd St - Pomona Mix-Use Development Opportunity 158 0.16 Acres of Commercial Land Offered at $3,126,706 CAD in Pomona, CA 91766
Investment Highlights
- Prime Pomona Downtown District Location
- Mix-use/Student Housing Development Opportunity
- Fully Entitled Approved Plan
- Opportunity to Buy 160 E 2nd St Project Plan
Executive Summary
It’s entitled for 5-Story Mix-Use Commercial and Apartment building construction approved for 31,659 SF with 19 Units of 1-2 bedroom Apartments Units and 5 Commercial Spaces Redevelopment Opportunity. It is crafted with Elegant Modern Architectural Design with Roof-top Terrace and Private Balcony Amenities. It is catering to the growing demand for modern and convenient living spaces in Pomona and aims to foster living business environment in the heart of the City of Pomona. Pomona is going through rapid changes with major theater, restaurants, retail and night clubs coming into downtown with City Council approval and backing. There is no parking requirement. Seller assumable financing option may be available. Can buy together with Next Door 160 E. 2nd St. Pomona Project Plan together.
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- Offering Memorandum
Property Facts
| Price | $3,126,706 CAD | Proposed Use | Mixed Use |
| Sale Type | Investment or Owner User | Total Lot Size | 0.16 AC |
| Sale Condition | Redevelopment Project | No. Stories | 1 |
| No. Lots | 1 | Cross Streets | Garey Ave. |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | POC3* - Opportunity Zone. Specific plan welcomes mix-use redevelopment. May be Senior/Assisted Living Possibility. | ||
| Price | $3,126,706 CAD |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.16 AC |
| No. Stories | 1 |
| Cross Streets | Garey Ave. |
| Opportunity Zone |
Yes |
| Zoning | POC3* - Opportunity Zone. Specific plan welcomes mix-use redevelopment. May be Senior/Assisted Living Possibility. |
1 Lot Available
Lot 12
| Price | $3,126,706 CAD | Lot Size | 0.16 AC |
| Price Per AC | $19,664,817.04 CAD |
| Price | $3,126,706 CAD |
| Price Per AC | $19,664,817.04 CAD |
| Lot Size | 0.16 AC |
Prime Location at the entrance of Pomona Downtown Antique Row welcomes mix-use redevelopment. Just 2 blocks away from City Hall. Heavy day & night traffics with plenty of parking spaces to the side and the back of the building as designated parkings.
Description
It’s extremely close proximity to Western University of Health and Sciences, neighboring Cal Poly Pomona, and near Pomona Art Schools. Easy access to Pomona station or Downtown Metro-link Pomona station. 158 E 2nd St enhances the appeal to both students and natives to Pomona.
1 1
Fairly walkable
40/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 8335-010-008 | Improvements Assessment | $1,547,491 CAD |
| Land Assessment | $1,089,422 CAD | Total Assessment | $2,636,913 CAD |
Property Taxes
Parcel Number
8335-010-008
Land Assessment
$1,089,422 CAD
Improvements Assessment
$1,547,491 CAD
Total Assessment
$2,636,913 CAD
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158 2nd St - Pomona Mix-Use Development Opportunity 158
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