109 Spring StClaremont, CA 91711

  • Manufacturing properties
  • 20,406 SF

Property Details for 109 Spring St

Year built
1906
Construction
TILT-UP CONCRETE
Lot size
1.93 AC
Property size (Sq ft)
20,406 SF
Zone code
CLI*
Property type
Manufacturing properties
APN
8313-023-025
APU
8313023025

Description

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$18,712
$363,158
$617,200
$980,358
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-
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