Pomona 1.24 Acres Vacant Land

1.24 ACRES

APARTMENT DEVELOPMENT SITE

POTENTIAL FOR 100+ UNITS

POMONA, CA

	LOCATION:	Located at the southwest corner of Park Avenue and Commercial Street in downtown Pomona. From the 10 Freeway, exit at Dudley Street. Take Dudley Street south to Holt Avenue. Turn left (east) on Holt, then turn right (south) on Park Avenue. Commercial Street is 3 blocks south of Holt Avenue. TG 640-J-1.
	APN/SIZE:	8340-036-008 = 54,095 sq. ft.
	TOPO:	Flat.
	ZONE:	MU-HDR. Mixed-use / High Density Residential. Project can be developed as apartments or condos, and can include ground floor commercial. Development standards include density of up to 100 dwelling units per acre, unlimited FAR, and 6-story height limit. Ask for additional development standards. BUYER TO VERIFY ZONING AND THAT IT WILL ALLOW BUYER'S INTENDED USE. PLEASE DO NOT CONTACT THE CITY OF POMONA WITH QUESTIONS ABOUT THIS PROPERTY. ALL INQUIRIES SHOULD BE DIRECTED TO KOREK LAND COMPANY.
	EXISTING:	Property is vacant land. All utilities area available at site.
	MISC:	Up-and-coming Downtown Pomona location. 12 brand new projects (multi-family, commercial, and mixed-use) recently completed, currently under construction, or in processing with the City. Subject property is 2 blocks from Pomona Amtrak Transit Station and 4 blocks from proposed Monterey Station project (322 unit mixed-use development).
	PRICE:	$1,500,000 - MAKE AN OFFER!
	CONTACT:	Adam Corleto - (818) 787-3077 for additional information.

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KOREK LAND COMPANY, INC.

14545 Erwin St., Van Nuys, CA 91411

Telephone: (818) 787-3077; Fax: (818) 787-9677