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164 E 2nd St - Pomona Mix-Use Development Opportunity 160 0.16 Acres of Commercial Land Offered at $2,500,000 in Pomona, CA 91766
Investment Highlights
- Prime Pomona Downtown District Location
- Mix-use Redevelopment Opportunity
- Fully Entitled Approved Plan
- Opportunity to Buy Next Door Project Plan
Executive Summary
It’s fully entitled for 4-story Mix-Use Commercial and Apartment building new construction approved for 21,000 SF with 15 units of 1-2 bedroom apartment units and 2 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 158 E. 2nd St. Pomona Project Plan together.
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- Offering Memorandum
Property Facts
| Price | $2,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Mixed Use |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.16 AC |
| No. Lots | 1 | No. Stories | 2 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | POC3* - Opportunity Zone. Pomona Specific plan welcomes mix-use redevelopment. May be Senior/Assisted Living Possibility. | ||
| Price | $2,500,000 |
| Sale Type | Investment |
| 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 | 2 |
| Opportunity Zone |
Yes |
| Zoning | POC3* - Opportunity Zone. Pomona Specific plan welcomes mix-use redevelopment. May be Senior/Assisted Living Possibility. |
1 Lot Available
Lot 12
| Price | $2,500,000 | Lot Size | 0.16 AC |
| Price Per AC | $15,822,784.81 |
| Price | $2,500,000 |
| Price Per AC | $15,822,784.81 |
| 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. 160 E 2nd St enhances the appeal to both students and natives to Pomona.
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 8335-010-016 | Improvements Assessment | $1,409,742 |
| Land Assessment | $775,098 | Total Assessment | $2,184,840 |
Property Taxes
Parcel Number
8335-010-016
Land Assessment
$775,098
Improvements Assessment
$1,409,742
Total Assessment
$2,184,840
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164 E 2nd St - Pomona Mix-Use Development Opportunity 160
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