$1,205,000
$1,350,000
10.7%For more information regarding the value of a property, please contact us for a free consultation.
280 W 3rd ST Pomona, CA 91766
7,556 SqFt
Key Details
Sold Price $1,205,000
Property Type Commercial
Sub Type MixedUse
Listing Status Sold
Purchase Type For Sale
Square Footage 7,556 sqft
Price per Sqft $159
MLS Listing ID TR21226943
Sold Date 07/07/22
HOA Y/N No
Year Built 1939
Lot Size 7,797 Sqft
Acres 0.179
Property Description
Prime Location, Corner building. Property is in Opportunity Zone- around 7500 sq.ft - Mix Use. Located in historic downtown Pomona, walking distance to city hall, art shops, retail shops, and Western Medical University. Great opportunity with over 100 plus development in the pipeline for the City of Pomona. Current and future plans include: - ACTIVE PROJECT: Maya Cinemas will build a 12- to 14-screen state-of-the-art theater & parking structure on the NW corner of 3rd and Main St and Directly across from Maya Theaters, being developed. The DDA approved by the city of Pomona on August 6th. ACTIVE PROJECT 2- 2nd/Main Project will be three 5-story structures combining residential, retail, & dining. Housing will include 334 units catering to students, faculty, and the existing academic community. - ACTIVE PROJECT: 5 story parking structure providing over 1,105 parking stalls - Additional projects can be verified with city planning Great time to invest. Maya Theaters are in the final phase of securing New Market Tax Credits. The building is currently set up for a large sit-down restaurant. It can easily be divided into 3 or more separate businesses. Or, tear down and re-develop.
Location
State CA
County Los Angeles
Area 687 - Pomona
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Central
Fireplace No
Laundry None
Building
Lot Description CornerLot
Story 1
Water Public
Others
Tax ID 8341005019
Acceptable Financing Cash, CashtoNewLoan, Conventional
Listing Terms Cash, CashtoNewLoan, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with ALVARO VARELA • THE NERI REALTY TEAM