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    2430 Grove Ave Ontario, CA 91761

    Sponsored
    For Sale
    $2,350,000

    High-visibility 60 FWY land, retail/medical zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.74-acre commercial land parcel presents a rare opportunity for development in Ontario, California. Located directly off the highly trafficked 60 Freeway (with over 227,000 cars passing daily), this property boasts unparalleled visibility and accessibility. Zoned CN, it allows for a variety of retail and medical uses, making it ideal for a wide range of businesses. The site is part of the established Grove Plaza regional center, a 123,000 square foot development anchored by CVS and 99¢ Only Stores, providing strong co-tenancy and shared access to ample parking. The property's location on S. Grove Ave. ensures easy access for customers and employees. Development potential includes a building of up to 19,000 square feet. Offered at $2,350,000 fee simple. This is a unique chance to capitalize on a high-traffic location within a thriving commercial center. Don't miss this opportunity to secure a prime piece of real estate in a rapidly growing area. The property offers reciprocal access and parking within Grove Plaza.

    Property Features for 2430 Grove Ave

    General Information

    Property type
    Land
    Lot Size
    75,794 SF

    HighLights

    • High‑visibility 1.74‑acre land pad with 60 Freeway frontage.
    • Retail and medical zoning (CN) allows diverse development.
    • Exceptional location with over 227,000 vehicles passing daily on the adjacent 60 Freeway.
    • Located within the 123,000 square foot Grove Plaza regional center, anchored by CVS and 99¢ Only Stores.
    • Potential for up to a 19,000 square foot building.
    • Fee simple ownership; broker co‑op available; asking price $2,350,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    San Bernardino
    State
    California
    Longitude
    -117.630062
    Latitude
    34.029437

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    FAQs

    What type of property is this?
    Land - High-visibility 60 FWY land, retail/medical zoning.
    Where is this land located?
    The property is located at 2430 Grove Ave Ontario, CA.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: High-visibility 1.74-acre land pad with 60 Freeway frontage.; Retail and medical zoning (CN) allows diverse development.; Exceptional location with over 227,000 vehicles passing daily on the adjacent 60 Freeway.
    (949) 344-1200
    Request Owner's contact information
    2430 Grove Ave Ontario, CA 91761
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    Ontario, CA 91761
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2430 Grove Ave Ontario, CA 91761
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