205-243 E Mission Blvd
Pomona, CA 91766
Retail Property For Sale

Rosano Partners is pleased to present an exceptional opportunity to acquire a 4 unit storefront property located on a high traffic count corner in the heart of Downtown Pomona. The storefront property is situated on the soft corner of Locust and Mission, consisting of a 5,835 SF building on a 6,661 SF lot with long term tenants such as a barber shop, dental office, Metro PCS, and Boost Mobile. The site is in a densely populated and affluent area with 185,496 people averaging $68,740 in household income in a 3 mile radius. This is an excellent opportunity for an investor interested in a quality real estate situated in a dense and growing market that is fully occupied and cash flowing with the potential to increase value due to below market rents. The subject property is located on the soft corner of Mission and Locust in Downtown Pomona with traffic counts of over 21,000 vehicles per day. It is less than half a mile away from The Fox Theatre, The Glass House, Western University, and the Riverside Line at the Downtown Pomona Metrolink Station. Nearby parks include Edison Historic District, Central Park and Madison Park. In addition, Pomona is striving to revitalize the city with developments: in North Pomona, Bonita Village is a housing complex that finished last year; in addition, a hotel is planned to be built on the 700 block of foothill. In South Pomona: Two mid-range hotels are planning to open on Rancho Valley Drive, a Hilton Garden Inn and a Hyatt Place/Hyatt House, joining other projects around town that seem to indicate a localized boom.