$525,000

Two adjoining commercial/mixed use corner development lots located on Philadelphia Street in the City of Pomona, California, offering exceptional redevelopment potential. The precise zoning is MM1-G1-CX4, which is intended for medium to large scale mixed-use development with buildings up to six (6) stories in height. Ideal opportunity for developers, investors, and owner-users seeking flexible mixed-use entitlement potential. Potential uses may include: * Mixed-use residential/commercial projects * Multifamily residential development * Retail and restaurant uses * Office and creative workspace * Live/work environments * Transit-oriented or urban infill projects Buyer to independently verify all zoning regulations, permitted uses, density allowances, parking requirements, development standards, and future planning considerations with the City of Pomona Planning Department. Source: City of Pomona Zoning & Development Code – Activity Center District 1 (ACD1) classification.*Two parcel tax suite reports attached showing both parcels combined sizes to total 9,077 square feet.