For Sale
$15,988,000

300 Park AvePomona, CA 91766

9-Story Office Building, Downtown Pomona

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • Pomona's only 9-story Class B office building.
  • 64% occupancy rate, ideal for owner-occupancy.
  • Professional East and West lobbies.
  • Stabilized office building with value-add potential.
  • Strong potential for long-term cash flow.
  • Significant value-add investment opportunity.

Property Details for 300 Park Ave

Property type
Office properties
Square Feet
120,776 SF
Class
B
Year Built/Renovated
1972/1987
Buildings
1
Stories
9
Lot Size (sq. ft)
68,825 SF

Location Insight

City
Pomona
County
Los Angeles
State
California
Latitude
34.0561908
Longitude
-117.7535551
300 Park Ave, Pomona, California

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300 Park Ave
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