2085 Towne AvePomona, CA 91766

This exceptional 26,262 square foot corner lot presents a remarkable investment opportunity in Pomona, California. Located at 2085 S Towne Ave, this vacant, flat lot is zoned POC4*, offering significant development potential. The property's convenient location in Los Angeles County, zip code 91766, provides easy access to major transportation routes and amenities. Preliminary plans exist for a 3-story, 47-unit, 100% affordable multifamily project, showcasing the site's viability for substantial residential development. However, the flexible zoning allows for alternative uses, with the possibility of developing a multifamily project with up to 87 units. The absence of existing structures eliminates demolition costs and tenant relocation challenges, streamlining the development process. This property is offered at an asking price of $1,050,000 and boasts the APN 8331-004-047. Its size and zoning make it ideal for a variety of commercial and residential projects, presenting a compelling opportunity for investors seeking significant returns. The property's flat terrain further simplifies construction, reducing potential development complexities and costs. This is a rare chance to acquire a large, well-located, and versatile parcel in a growing market.