2401 Towne Ave Pomona, CA 91767

Property Details for 2401 Towne Ave

Lot size

5.13 lot acres

Property type

Land

Description

This exceptional 5.13-acre commercial land parcel in Pomona, California, presents a unique investment opportunity. Located in the desirable Community Shopping Center Commercial District (C2 zoning), this property is listed at $2,500,000. Currently designated as a cemetery, it notably lacks any existing gravestones or markers. The property's address is 2401 Towne Avenue, Pomona, CA 91767, within Los Angeles County. The land's size offers significant development potential, subject to local regulations and zoning ordinances. A crucial aspect to consider is a deed restriction: the property reverts to the Catholic Church if not utilized as a cemetery. This condition significantly impacts potential uses and requires careful due diligence. The lease expiration date of June 30, 2024, is relevant to any existing lease agreements, though the current lack of structures suggests this may be a vacant parcel. Prospective buyers should conduct thorough investigations into the deed restriction and zoning regulations to fully assess the property's development possibilities. The seller is highly motivated, resulting in a substantial price reduction, making this a compelling opportunity for investors seeking a large commercial tract in a strategic location.