This exceptional 1.93-acre commercial land parcel, located at 109 Spring Street in Claremont, California (zip code 91711), presents a unique investment opportunity. The property is zoned MU2, allowing for high-density residential and mixed-use developments. Its strategic location offers unparalleled access to major transportation arteries, including the 10, 210, and 57 freeways, ensuring convenient connectivity throughout the region. Furthermore, the site benefits from its proximity to six Claremont universities, creating a vibrant and dynamic surrounding environment with a large potential pool of residents and students. Currently, short-term leases are in place on the property. This presents a blank canvas for developers seeking to capitalize on the area's strong demand for housing and commercial spaces. The substantial lot size provides ample room for a variety of development projects, catering to diverse needs and maximizing return on investment. Los Angeles County location provides access to a large and diverse market. This is a rare opportunity to acquire a significant land parcel in a highly desirable and rapidly growing area.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$5,817,398
Hospitality
$5,328,705
Educational
$4,433,420
Medical
$4,585,892
Retail
$6,896,432
Location Insight
City
Claremont
County
Los Angeles
State
California
Latitude
34.0934
Longitude
-117.717
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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