Pomona, CA 91766,280 W 3rd ST
$1,205,000
Est. payment /mo
$1,350,000
10.7%
Est.Price: ?

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7,797 Sqft Lot
SOLD DATE : 07/07/2022

Key Details

Sold Price $1,205,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID TR21226943

Sold Date 07/07/22

HOA Y/N No

Year Built 1939

Lot Size 7,797 Sqft

Property Sub-Type Mixed Use

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

Interior

Heating Central

Fireplace No

Laundry None

Building

Lot Description Corner Lot

Story 1

Water Public

Others

Tax ID 8341005019

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Financing Cash

Special Listing Condition Standard

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CRMLS – RECore
Listed by Alvin Hao Chou Exp Realty of California Inc
Bought with ALVARO VARELA THE NERI REALTY TEAM

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Ivan Perez

Ivan Perez

+1(818) 242-6422

Broker Associate | License ID: 01952891

Broker Associate License ID: 01952891

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