Hidden Jewel In Opportunity Zone | 280 W 3rd Street, Pomona, CA

We’ve been “softly” marketing this restaurant property at 280 W 3rd Street in Pomona for the past several months in anticipation of updated news on the development of a major project in downtown Pomona – The Maya Theaters.

ACTIVITY IS PICKING UP…TIME TO SECURE NOW

I accepted an invitation and attended the ribbon-cutting ceremony for the North Las Vegas Maya Theater on January 10, 2019. I had the pleasure of meeting with their senior management members. Really nice first class facility and a team of professionals. A similar property is on track to break ground in Pomona the early part of this year and open doors by mid to late 2020. This will be a big upgrade to the neighborhood. Activity in Pomona is definitely picking up with Opportunity Zone tax benefits.

The City of Pomona also confirmed the progress. They passed Disposition & Development Oversight on August 6, 2018:

https://pomona.legistar.com/LegislationDetail.aspx?ID=3588208&GUID=1D900F02-CF1F-4499-91A5-F16222578274&Options=&Search

 Site of Maya Theaters (from the front door of the restaurant)

 

280 W 3rd Street is literally cross corner from the Maya Theater project. The theater will be a 12 to 14 big screen state of the art 50,000+ square foot facility. Foot traffic in the area will increase considerably.

The building is a 7,500 sq. ft restaurant. The current layout is a 200-seat casual eatery. However, it is the perfect location to divide and convert into 2 or 3 separate concept dining/retail stores. The property is mixed use permitted and the city will approve 3 to 9 stories – if high-rise residential/retail development is preferred.

280 W 3rd Street

 

https://www.dailybulletin.com/2018/08/27/new-movie-theater-for-downtown-pomona-moves-forward/

Lots of activity in the area including 2nd & Main 350 residential project.

Seeking equity partners or cash buyer. Contact me for more details:

Pete@MPiCRE.com | 949.244.2555

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