1749 Elm StOntario, CA 91761

Property Details for 1749 Elm St

Year built

1952

Construction

FRAME

Lot size

0.55 AC

Property size (Sq ft)

900 SF

Property type

Investment properties

Property subtype

Live-work space

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.

• CAP approach

  CAP return

  Valuation

  6%

  $253,445

  6.5%

  $233,949

  7%

  $217,238

• Comparable approach

  Method

  Valuation

  Relative Method

  $155,647

  Geo Method

  $293,687

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $449,582

  Retail / Commercial

  $232,912

  Hospitality / Lodging

  $174,071

  Office

  $234,504

  Institutional / Educational

  $243,880

  Residential Income

  $285,339

  Multifamily

  $331,871

  Automotive / Energy

  $209,040

  Parking / Income-Based Land

  $70,292.60

  Restaurant / Food Service

  $125,663

  Healthcare / Senior Housing

  $237,996

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

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