1132 1st Street Pomona, CA 91766

Building Details

Year Built

1964

Listing office Agency 8 Real Estate Group a***@realestatewithabraham.com Show Phone

Listing date Jun 18, 2024

Source Xome

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Investment Insights

Based on property information with market context.

This property presents a rare opportunity to acquire 1.3 acres of heavy industrial land in Pomona, California. The site consists of two adjacent parcels totaling approximately 57,148 square feet. Currently, the property is used for auto dismantling and wrecking, and includes a fully operational paint booth. A 3,132 square foot building is present on the lot. The property, built in 1939, is located at the intersection of South Hamilton Boulevard and West 1st Street, offering high visibility and accessibility. Zoned POM2/POM AP, the site benefits from its location within an Opportunity Zone, potentially offering tax incentives for future development. Recent Phase I & Phase II reports are available. The property is suitable for continued auto dismantling or other heavy industrial operations. The Assessor's Parcel Numbers are 8348-014-002 and 8348-014-012. Buyers are advised to conduct their own due diligence and investigations.

Key Highlights

• Rare Heavy Industrial Zoning: Allows for a wide range of industrial uses.
• Large Lot Size: 1.3 acres (± 57,148 SF) provides ample space.
• Opportunity Zone: Offers significant tax incentives for development.

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FAQs

What type of property is this?

Industrial land - 1.3 acres with heavy industrial zoning and existing auto dismantling.

Where is this industrial land located?

The property is located at 1132 1st Street Pomona, CA.

What is the asking price?

The asking price for this property is $5,500,000.

What are key features of this property?

This property features: Rare Heavy Industrial Zoning: Allows for a wide range of industrial uses.; Large Lot Size: 1.3 acres (± 57,148 SF) provides ample space.; Opportunity Zone: Offers significant tax incentives for development.