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345 Citrus Ave 2.05 Acres of Commercial Land Offered at $6,700,000 in Covina, CA 91723
Investment Highlights
- Auto Dealership development has been approved for this site
- Flexible MUOD/C-3A zoning supports mixed-use and commercial development.
- Central location near retail, neighborhoods, and major east-west routes.
- High-visibility site along a major Covina corridor with strong daily traffic.
- One of the last large developable parcels available on Citrus Ave.
- Strong positioning for retail, residential, or integrated mixed-use concepts.
Executive Summary
Property Facts
| Price | $6,700,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.05 AC |
| Zoning | CVTCC* | ||
| Price | $6,700,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 2.05 AC |
| Zoning | CVTCC* |
1 Lot Available
Lot
| Price | $6,700,000 | Lot Size | 2.05 AC |
| Price Per AC | $3,268,292.68 |
| Price | $6,700,000 |
| Price Per AC | $3,268,292.68 |
| Lot Size | 2.05 AC |
A ±2.05-acre mixed-use/commercial development site on Citrus Ave with MUOD/C-3A zoning and strong frontage near major Covina thoroughfares. Auto Dealership development has been approved for this site.
Description
The ±2.05-acre parcel at 345 S Citrus Ave in Covina represents a unique land offering positioned within a well-traveled, centrally located corridor. MUOD/C-3A zoning allows for a diverse blend of mixed-use and commercial possibilities, making the site suitable for retail, multifamily, office, or integrated community-focused projects. Surrounded by established neighborhoods, commercial centers, and major arterials, the property sits within an active and accessible environment frequented by both local residents and regional commuters. The site benefits from strong daily traffic counts and close proximity to essential roadways connecting Covina to the greater San Gabriel Valley. Its size, visibility, and flexible zoning make it attractive for developers seeking a scalable infill opportunity with meaningful long-term potential. As one of the last major developable parcels in the immediate area, it offers a valuable chance to deliver a high-impact project within a desirable and supply-limited market.
Property Taxes
| Parcel Number | 8444-009-010 | Improvements Assessment | $108,242 |
| Land Assessment | $3,788,512 | Total Assessment | $3,896,754 |
Property Taxes
Contacts
-
Brian Melkesian -
Luke Melkesian -
Lee & Associates Commercial Real Estate Services
Presented by
345 Citrus Ave
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