1057 Mission BlvdPomona, CA 91766

Property Details for 1057 Mission Blvd

Year built

1954

Construction

TILT-UP CONCRETE

Lot size

0.74 AC

Property size (Sq ft)

1,168 SF

Zone code

POC4*

Property type

Turn key restaurants

APN

8326-009-018

APU

8326009018

Description

This exceptional 1,168 square foot retail property, situated on a sizable 0.74-acre lot at 1057 Mission Boulevard in Pomona, California, presents a unique investment opportunity. Currently configured as a donut shop, the building's zoning allows for a diverse range of uses, including retail, professional services, medical services, and light industrial applications, as per Pomona's planning and building use regulations. The property's central location within Pomona's midtown area offers excellent visibility and accessibility, making it an ideal site for a variety of businesses. The expansive lot size provides significant potential for future development or expansion, catering to ambitious entrepreneurs and investors seeking to capitalize on a prime location. This is a rare chance to acquire a versatile property in a thriving area, offering both immediate income potential and significant long-term growth prospects. The asking price of $2,199,000 reflects the property's exceptional location, zoning flexibility, and development potential. Serious inquiries are encouraged to explore this remarkable opportunity to establish a successful business or build a valuable investment portfolio. The property is ready for its next chapter, and the possibilities are virtually limitless. Don't miss this chance to secure a piece of Pomona's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $427,633

  6.5%

  $394,738

  7%

  $366,543

• Comparable approach

  Method

  Valuation

  Relative Method

  $499,048

  Geo Method

  $571,571

• Alternative Use

  Use

  Valuation

  Residential

  $332,977

  Hospitality

  $305,005

  Educational

  $253,760

  Medical

  $262,488

  Retail

  $394,738

Location Insight

City

Pomona

County

Los Angeles

State

California

Latitude

34.0559

Longitude

-117.736

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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