$1,900,000
$1,800,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
2.48 Acres Lot
SOLD DATE : 09/22/2021
Key Details
Sold Price $1,900,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV21091162
Sold Date 09/22/21
HOA Y/N No
Lot Size 2.480 Acres
Property Description
Awesome opportunity for home builders! Welcome to one of the last large lots (2 lots to be sold together = approx. 2.48 acres) on Mission Blvd. perfect for a luxury multi-home builder! Lot is being sold with adjacent lot (4711 W & 4761 E Mission Blvd. Montclair, CA 91763, APN 1012-301-32), both totaling approx. 104,108 sqft. Zoned R-1, this huge property is located in an area of other newer beautiful homes and condominiums. Current estimate for development is approx. 14 single family homes on approx. 7,500 sqft lots each. Currently this property is comprised of a popular 6,000 sqft restaurant/night club with a spacious parking lot. The city is encouraging the new buyer to redevelop the property and make the most of this red-hot Homesellers Market where current inventory is very low! Homes in the surrounding area range in size from 2,300 sqft to 3,500 sqft; one nearby home at 2,344 sqft sold in March of 2021 for $725K. Buyer to verify property info and development potential. We are located near an outdoor drive-in theatre, schools, major retail area and restaurants. We are about 5 minutes away from the 60 and 10 Freeways.
Location
State CA
County San Bernardino
Area 685 - Montclair
Zoning R-1
Interior
Fireplace No
Laundry None
Exterior
Fence Chain Link
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Building
Lot Description 6-10 Units/Acre, Near Public Transit, Value In Land, Level
Story 1
Water Public
Others
Tax ID 1012301310000
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with General NONMEMBER • NONMEMBER MRML
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