952 S Mount Vernon Ave B, Colton, CA 92324

Property Description

This property has a large useable building sitting on 3 acres, with two-street frontage on a hard-corner. The difficult to achieve parking ratio makes this property valuable as there is little inventory in the immediate region that is zoned medical (PLUS Multiple Other Uses) with the required parking ratio that is for lease or for sale. Thus the property is good for an owner-user or an investment group seeking to place medical tenants, or create prime space for medical tenancy. Additionally there is a highly flexible M1 zoning for this property allowing for many uses, including the following "Permitted" uses: Hospital, Animal Care, Administrative/Professional Services, Business Support Services, Educational Institutions, Funeral, Financial, Health Care, Manufacturing Custom & Light, Medical/Dental/Optical Services, Transportation Facilities—Public, Utility Distribution Facilities, Warehousing, Wholesaling, Emergency Shelter. This zoning combined with the shared parking ratio of 5.4 Parking Spaces Per 1,000 SF exceeding Medical Requirement is unmatched in the area. Additionally the property next door can be acquired from a separate owner for an additional $2.0 Million. This acquisition would increase the square footage by 23,372 SF along with 1 more acre of land. This assembly creates a total project of 4 acres with two buildings combined to an approximate 43,383 SF. Total acquisition cost for the entire project is $4,400,000.00; each must be negotiated separately.