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.

We now have confirmation that the City of Pomona passed Disposition & Development Oversight on August 6, 2018: https://pomona.legistar.com/LegislationDetail.aspx?ID=3588208&GUID=1D900F02-CF1F-4499-91A5-F16222578274&Options=&Search

My conversation with the Senior Development Director of Maya Theaters last week was insightful. They hope to complete the working drawings later this year and break ground Q3/Q4 2019. The plan is to open doors by mid to late 2020.

 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. It’s currently set-up and can be brought back online as 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. 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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