11205 Cedar Ave 5 Acres of Residential Land Offered at $5,000,000 in Bloomington, CA 92316
INVESTMENT HIGHLIGHTS
- Large ±217,800 SF lot
- Located on main thoroughfare, Cedar Ave
- Across the street from Bloomington Commerce Center
- Very close to the 10 Freeway
EXECUTIVE SUMMARY
DATA ROOM Click Here to Access
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $5,000,000 |
| Price Per AC | $1,000,000.00 |
| Lot Size | 5.00 AC |
Avison Young is pleased to present a 5 acre land site located at 11205 Cedar Avenue in Bloomington, California. The parcel is located in the BL/RS-1-AA (Bloomington Community /Single Family Residential – 1 acre minimum – Additional Agriculture).
DESCRIPTION
The parcel is located in the BL/RS-1-AA (Bloomington Community / Single Family Residential – 1 acre minimum – Additional Agriculture). The RS (Residential) land use zoning district provides sites for single-family residential uses, incidental agricultural and recreational uses, and similar and compatible uses. Please see CHAPTER 82.04: RESIDENTIAL LAND USE ZONING DISTRICTS (amlegal.com) for potential uses in the Valley Region of the RS zone and development standards. As well as CHAPTER 82.07: ADDITIONAL AGRICULTURE (AA) OVERLAY (amlegal.com) for information on the Agricultural Overlay.The site has a residental home (boarded up) that requires extensive remodeling. The property was also improved and previously used as a trucking terminal and parking lot. The operation for the truck terminal is not an allowed use per the zoning. On May 2, 2024 a stipulated judgement was placed against the property pertaining to allowable uses. See link to review stipulated judgement.
PROPERTY TAXES
| Parcel Number | 0257-101-10 | Improvements Assessment | $1,379,570 |
| Land Assessment | $5,306,040 | Total Assessment | $6,685,610 |
