Description
Rare opportunity to acquire and develop a 24,342 SF parcel on historic Route 66 in Glendora. The existing use is an auto repair shop but the city of Glendora has identified the property (1 of 22 sites) as a potential site for housing redevelopment. There is an expected change to the Barranca Gateway zoning code in 2023 to allow for greater housing density - from 20 DU (Dwelling Unit) per acre to 30 DU/AC; maximum height limit from 2 stories to 3 stories. The site is situated less than 1 mile from the Metro Gold Line Station that is being constructed, Citrus College, Azusa Pacific University and many other national retailers along Route 66. Seller will consider lease back to developer during the entitlement process. See marketing OM in the supplement for more details. Rare opportunity to acquire and develop a 24,342 SF parcel on historic Route 66 in Glendora. The existing use is an auto repair shop but the city of Glendora has identified the property (1 of 22 sites) as a potential site for housing redevelopment. There is an expected change to the Barranca Gateway zoning code in 2023 to allow for greater housing density - from 20 DU (Dwelling Unit) per acre to 30 DU/AC; maximum height limit from 2 stories to 3 stories. The site is situated less than 1 mile from the Metro Gold Line Station that is being constructed, Citrus College, Azusa Pacific University and many other national retailers along Route 66. Seller will consider lease back to developer during the entitlement process. See marketing OM in the supplement for more details.
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0BEDS
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0.56ACRES
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01/2 BATHS
School Ratings & Info
Description
Rare opportunity to acquire and develop a 24,342 SF parcel on historic Route 66 in Glendora. The existing use is an auto repair shop but the city of Glendora has identified the property (1 of 22 sites) as a potential site for housing redevelopment. There is an expected change to the Barranca Gateway zoning code in 2023 to allow for greater housing density - from 20 DU (Dwelling Unit) per acre to 30 DU/AC; maximum height limit from 2 stories to 3 stories. The site is situated less than 1 mile from the Metro Gold Line Station that is being constructed, Citrus College, Azusa Pacific University and many other national retailers along Route 66. Seller will consider lease back to developer during the entitlement process. See marketing OM in the supplement for more details. Rare opportunity to acquire and develop a 24,342 SF parcel on historic Route 66 in Glendora. The existing use is an auto repair shop but the city of Glendora has identified the property (1 of 22 sites) as a potential site for housing redevelopment. There is an expected change to the Barranca Gateway zoning code in 2023 to allow for greater housing density - from 20 DU (Dwelling Unit) per acre to 30 DU/AC; maximum height limit from 2 stories to 3 stories. The site is situated less than 1 mile from the Metro Gold Line Station that is being constructed, Citrus College, Azusa Pacific University and many other national retailers along Route 66. Seller will consider lease back to developer during the entitlement process. See marketing OM in the supplement for more details.
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