San Bernardino, Commercial for Sale – 7914 Edison Ave, Ontario, CA 91762, USA -001-11-30T00:00:00-08:00
This offering is a land bank opportunity consisting of three (3) contiguous parcels with four (4) improved structures that consist of two (2) residential homes and two (2) commercial buildings that total a combine square footage 19,954 sq. Ft., and located o
7914 Edison Ave, Ontario, CA 91762, USA
$8,300,000 USD
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Address7914 Edison Avenue, Ontario
Property SubtypeUnimproved Land
Price$8,300,000
Property TypeCommercial Sale
Year Built1960
Bedrooms Total0
Living Area19,954 ft2
Listing IDCV16132410
StatusActive
Parcel Number1053321020000
ZoningMEDIUM DENSITY & LOW DENS
Special ConditionsStandard
Days on Market309

Detailed Description: This offering is a land bank opportunity consisting of three (3) contiguous parcels with four (4) improved structures that consist of two (2) residential homes and two (2) commercial buildings that total a combine square footage 19,954 sq. Ft., and located on 18.56 + / – acres (808,473.60 + / – sq. Ft.) of flat, developable land with 634 + / – feet of frontage on the Edison Avenue that is planned to be widen into an eight (8) lane road by 2020. The subject property provides a monthly rental income with upside, giving the land owner to increase the rental income during the land bank holding period that is estimated at 10 years. Assessor’s Parcel Number: 1053-321-02 (4.25 + / – Acres); 1053-321-03 (4.75 + / – Acres); 1053-171-01 (9.56 + / – Acres). This area of Ontario is set for an Explosion in growth, Seized the Opportunity and BUY THE 18.56 + / – ACRES TODAY! At this time, capital Improvement / Infrastructure is required for the entire area that consist of 1,929 + / – acres. Estimated cost is at $150 million + / – per the city and is requiring for these capital Improvement to be installed first, before allowing land developers and builders to propose and build out master-planned communities. The Subject Property is currently unentitled and will require a land owner and / or land developer to apply for a Specific Plan and work out a deal with the city of Ontario for needed infrastructure for the entire area of the Ontario Ranch – West.

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Address Information
Address7914 Edison Avenue, Ontario
Street SuffixAvenue
CityOntario
Location (MLS Area)686 – Ontario
County Or ParishSan Bernardino
State or ProvinceCalifornia
Postal Code91762
Postal Code Plus47290
CountryUnited States
Financial Information
Price per Square Foot$415.96
Price per Lot Square Foot$10.27
Special ConditionsStandard
Tax Year2017
Full Descriptions
Parcel Number1053321020000
Detailed DescriptionThis offering is a land bank opportunity consisting of three (3) contiguous parcels with four (4) improved structures that consist of two (2) residential homes and two (2) commercial buildings that total a combine square footage 19,954 sq. Ft., and located on 18.56 + / – acres (808,473.60 + / – sq. Ft.) of flat, developable land with 634 + / – feet of frontage on the Edison Avenue that is planned to be widen into an eight (8) lane road by 2020. The subject property provides a monthly rental income with upside, giving the land owner to increase the rental income during the land bank holding period that is estimated at 10 years. Assessor’s Parcel Number: 1053-321-02 (4.25 + / – Acres); 1053-321-03 (4.75 + / – Acres); 1053-171-01 (9.56 + / – Acres). This area of Ontario is set for an Explosion in growth, Seized the Opportunity and BUY THE 18.56 + / – ACRES TODAY! At this time, capital Improvement / Infrastructure is required for the entire area that consist of 1,929 + / – acres. Estimated cost is at $150 million + / – per the city and is requiring for these capital Improvement to be installed first, before allowing land developers and builders to propose and build out master-planned communities. The Subject Property is currently unentitled and will require a land owner and / or land developer to apply for a Specific Plan and work out a deal with the city of Ontario for needed infrastructure for the entire area of the Ontario Ranch – West.
Water SourceAgricultural Well, Private, Shared Well, Well
TopographyFlat
Property parameters
Year Built1960
Living Area (Sq.Ft.)19,954 ft2
Lot Size SourceAssessor
Number of Buildings4
Number of Units Leased3
ZoningMEDIUM DENSITY & LOW DENS
Asset ClassFarm / Ranch, Land / Unimproved, Multi-Family, Specialty
Water SourceAgricultural Well, Private, Shared Well, Well
Land Usage DescriptionMulti-Family, Other
Electric DescriptionStandard
Property SubtypeUnimproved Land
Building StatusExisting
Listed withERIC CHAVEZ (CHAVEZ & ASSOCIATES REBF, INC)