300 Park Ave Pomona, CA 91766

This exceptional 9-story, 120,776 square foot office building presents a compelling value-add investment opportunity in the heart of Downtown Pomona, CA. Located at 300 S. Park Ave, 91766, this freestanding Class B property sits on a 1.58-acre lot and offers 311 parking spaces (311 per 1,000 sq ft) in a 3-level structure. Built in 1972 and renovated in 1987, the building features professional East and West facing lobbies, on-site security, fiber optics, and cable networks. Currently boasting 64% occupancy, this multi-tenant property is leased on a gross basis and presents significant upside potential. The Downtown Specific Plan zoning allows for diverse uses, including owner-user, mixed-use, or even live-work residential conversion. Its prime location within the Transit Oriented District Core offers easy access to the Downtown Pomona Metrolink station, nearby restaurants, and shops in the Arts and Antiques District. The asking price is $15,988,000 ($132.38/sq ft). This is a rare opportunity to acquire the only 9-story high-image building in Pomona, capitalizing on the area's revitalization and economic growth. The property offers long-term stable cash flow potential and is ideally suited for investors seeking a value-add project with substantial upside. The APN is 8341-006-022.