1204 N Grove Avenue
0.54 ACRE DEVELOPMENT OPPORTUNITY ADJACENT TO THE 10 FREEWAY LOCATED IN THE HIGH-GROWTH MARKET
Marketing description
Jones Lang LaSalle is pleased to present 1204 N Grove Avenue (the “Property”), a rare opportunity to acquire a 0.54 acre hard-corner site with excellent development potential in the heart of Ontario, California.
Previously utilized as retail, this 23,477 square foot, high-traffic lot features direct access to Interstate 10 and close proximity to I-15, I-60, and I-210. The Property features strong visibility and access with frontage along Grove Avenue and direct exposure to 256,000 vehicles per day utilizing the I-10.
The Property features great connectivity located less than three miles from Ontatio International Airport, the Ontario Amtrak and Upland Metrolink Stations.
Currently zoned General Commercial, the Property is suitable for a variety of uses. With limited competing supply, a submarket vacancy of just 4.20%, and premium rental rates over the greater Inland Empire, the Property presents a compelling opportunity for users and developers seeking a well-located asset with future development potential in one of the most dynamic markets in the country.
Investment highlights
EXCELLENT FREEWAY ACCESSIBILITY
TRANSPORTATION ORIENTED LOCATION
LIMITED COMPETING SUPPLY
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