1175 E Holt Ave Pomona, CA 91767

This exceptional 23,852 square foot lot presents a remarkable investment or owner-user opportunity in Pomona, California. Located in the City Gateway Segment of the Pomona Corridors Specific Plan, this mixed-use property boasts PCC4-T3 zoning, allowing for a variety of development possibilities. The existing 1,419 square foot building, constructed in 1973 and previously used as a fast-food restaurant, offers immediate income potential for an owner-user while plans for future development are pursued. The property includes 30 surface parking spaces, a significant asset for any commercial venture. The zoning permits up to three stories, with the potential for zero front and side setbacks, maximizing development density. A density bonus of up to 80% is available for affordable housing projects. This location is highly desirable, situated approximately 0.1 miles from a busy bus stop at Holt and Clark, 0.6 miles from Foothill Transit, and 1.4 miles from Western University of Health Sciences. Its proximity to colleges and universities makes it ideal for high-density development, such as retail spaces, apartment buildings, or condominiums. The property's address is 1175 E Holt Ave, Pomona, CA 91767, with APN 8323016024. The asking price is $1,080,000, translating to $45.28 per square foot of land value. Detailed zoning information can be found on the City of Pomona website.