952 S Mount Vernon Avenue Unit #B, Colton, CA 92324

$2,400,000
20,011
SqFt
List Price
$2,400,000
Status
PENDING
MLS#
EV20040189
Year Built
1977
Living Sq. Ft
20,011
Days on Market
64
Property Type
Commercial
Property Sub Type
Office

Property Description

This property has a large useable building sitting on 3 acres, with two-street frontage on a hard-corner. The difficult to achieve parking ratio makes this property valuable as there is little inventory in the immediate region that is zoned medical (PLUS Multiple Other Uses) with the required parking ratio that is for lease or for sale. Thus the property is good for an owner-user or an investment group seeking to place medical tenants, or create prime space for medical tenancy. Additionally there is a highly flexible M1 zoning for this property allowing for many uses, including the following "Permitted" uses: Hospital, Animal Care, Administrative/Professional Services, Business Support Services, Educational Institutions, Funeral, Financial, Health Care, Manufacturing Custom & Light, Medical/Dental/Optical Services, Transportation Facilities—Public, Utility Distribution Facilities, Warehousing, Wholesaling, Emergency Shelter. This zoning combined with the shared parking ratio of 5.4 Parking Spaces Per 1,000 SF exceeding Medical Requirement is unmatched in the area. Additionally the property next door can be acquired from a separate owner for an additional $2.0 Million. This acquisition would increase the square footage by 23,372 SF along with 1 more acre of land. This assembly creates a total project of 4 acres with two buildings combined to an approximate 43,383 SF. Total acquisition cost for the entire project is $4,400,000.00; each must be negotiated separately.

Additional Information

Heat
Central
Cooling
Yes
Cooling Description
Central Air
Water
Public

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of BRAD FREEMAN from FREEMAN & ASSOCIATES

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.