Listing provided courtesy of David Wong of Properviews Real Estate. Last updated 2024-11-25 09:56:52.000000. Listing information © 2024 Sandicor.
Asking Price: $7,500,000
1450 9th, Upland CA 91786
Community: 690 - Upland
This Mixed Use property was built in 1905 and is priced at $7,500,000. Please see the additional details below.
Offered for sale is a unique opportunity of fee simple ownership interest in the Home Place Business Park; five separate buildings of multi-tenant office, business/residential, and industrial property. The current owner is final stages of recording a Parcel Map and Tentative Tract Map (business condo units). Parcel 1 is made up of four buildings with 10 condo units with existing tenants. Parcel 2 will be delivered with the current 4,062 sqft structure for immediate use or future development (not included in the Parcel 1 Association).
This is an incredible opportunity for the new owner to take possession and sell individual units on Parcel 1 and generate a quick return on their investment. Alternatively, the new owner can continue to manage and collect rental income with the existing tenant base. Parcel 2 offers a unique development opportunity on an approximately 25,000 sqft lot; mixed-use, residential, or business.
