Technical
Financial
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Property profile

2430 S Grove Ave Ontario, CA 91761

FOR SALE
Commercial land
Property ID
US10-1010048
1.74 ac lot
Entity Owned 19-yr Hold Free & Clear
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2430 S Grove Ave, Ontario, CA 91761 For Sale
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2430 S Grove Ave, Ontario, CA 91761
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Property summary

AI-generated overview

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 profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.74 ac (75,800 SF)
APN 1051-171-41-0000
UPID US10-1010048

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2430 S Grove Ave Ontario, CA 91761
Ontario metro Census 1806 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$445k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$445k

Owner & transaction history

since 2007
6 recorded transactions
2007
Price N/A
2007
Price N/A
2006
Price N/A
1996
$1,000
1990
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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