280 W 3RD STREET, POMONA, CA 91766

  • 7,500 sqft
  • Built in 1939
  • MLS #OC17113263
For Sale $1,700,000

Description

Prime corner location. Walking distance to city hall, art shops, retail shops, and Western Medical University. Downtown Pomona is coming back! Development Services Department has over 100 projects in the pipeline for the city. Current and future plans include: - ACTIVE PROJECT: Directly across from Maya Theaters, being developed. The DDA approved by city of Pomona on August 6th. (See attached plans) 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. - ACTIVE PROJECT: (1 blk distance) 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 final phase of securing New Market Tax Credits. Building is currently setup for a large sit-down restaurant. Can easily be divided into 3 or more separate businesses. Or, tear down and re-develop. Price subject to change based on theater progress. Property is in Opportunity Zone

FACTS / FEATURES

  • Built in 1939

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Listing Provided by Pete Vernon Mitchell, Saddleback Valley RE Services
Based on information from California Regional Multiple Listing Service, Inc. as of May 19, 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.