1749 Elm StOntario, CA 91761
- Mixed-use properties
- 900 SF
Property Details for 1749 Elm St
- Year built
- 1952
- Construction
- FRAME
- Lot size
- 0.55 AC
- Property size (Sq ft)
- 900 SF
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 0113-415-30-0000
- APU
- 113415300000
Description
Exceptional opportunity awaits at 1749 East Elm Street, Ontario, CA 91761. This 0.55-acre (23,895 sq ft) lot, zoned IG (Industrial General), presents a compelling industrial development prospect. The property boasts existing plans included in the sale price for a two-story building, encompassing 9,647 square feet. The warehouse features a desirable 16-foot clear ceiling height, complemented by office space on the second floor. The lot dimensions measure 81 feet wide by 295 feet deep. This strategic location adjacent to Ontario International Airport benefits from the substantial economic activity generated by major corporations like FedEx, UPS, and Amazon, indicating strong growth potential for businesses in this thriving area. The property's location offers excellent access to transportation networks and a robust workforce, making it an ideal site for various industrial uses. The recently reduced price of $1,150,000 makes this an attractive investment opportunity. This is a chance to capitalize on the dynamic business environment surrounding Ontario International Airport. The existing building plans streamline the development process, minimizing delays and maximizing return on investment. Don't miss this chance to secure a prime piece of industrial real estate in a high-growth area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $224,158
- 6.5%
- $206,915
- 7%
- $192,135
-
Comparable approach
- Method
- Valuation
- Relative Method
- $152,596
- Geo Method
- $287,928
-
Alternative Use
- Use
- Valuation
- Residential
- $256,574
- Hospitality
- $235,021
- Educational
- $195,535
- Medical
- $202,259
- Retail
- $304,165
Location Insight
- City
- Ontario
- County
- San Bernardino
- State
- California
- Latitude
- 34.0472
- Longitude
- -117.614
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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