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.
Listing Agent: Kenny Lau 01970835 Courtesy of: KW Executive "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 1st December, 2022 6:01 AM (UTC)