0 Francis St - Commercial LAND FOR SALE


Ontario, CA 91761 138,521 SF
$775,000 USD
949-419-3205
0 Francis St, Ontario, CA for Sale
$775,000 USD
Commercial LAND - FOR SALE
1/12
138,521 SF

0 Francis St
Ontario, CA 91761


HIGHLIGHTS

  • ±3.18 Acres of Land located just west of the I-15 Freeway in the City of Ontario
  • Property is Located underneath SC Edison High Voltage Transmission Lines
  • Income Provided by a Verizon Wireless Cell Tower - Current Income is $2,575 Monthly
  • Verizon Wireless Lease is for 5 Years with Three 5-Year Options, Yearly 3% Increases
  • Zoning on the Site is UC (Utilities Corridor) - Allows Outdoor Vehicle Storage, EV Charging Facilities, Garden/Nursery Uses

OVERVIEW

Marcus & Millichap is pleased to offer for sale a ±3.18 acre parcel of land (APN #0238-152-02) located just southeast of the intersection of E. Francis Street and Milliken Avenue in the city of Ontario. This entire property is subject to an easement with Southern California Edison that is due to overhead high voltage transmission lines. There is a Verizon Wireless cell site on the subject property, Verizon has been a tenant since 2004. The newest Verizon lease started on April 1, 2024 and runs for 5 years. Verizon also has three 5-year extensions. The current income from this lease is $2,575 per month ($30,900 annually) with rent increases of 3% yearly. Verizon Wireless is also responsible for complying with the Brush Code requirements and clearing any overgrown brush at the property twice a year at their sole cost and expense. Zoning on this property is UC (Utilities Corridor). The UC zoning district is consistent with, and implements, the Open Space-Nonrecreational land use designation of the Policy Plan component of The Ontario Plan. The allowable and permitted uses for the subject include Outdoor Vehicle Storage, Plug-In Electric Charging Facilities, Agriculture and Garden/Nursery uses.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/ACRE

$243,711/AC

PRICE/SF

$6 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

±3.18 Acres (Utility Corridor) + Cell Tower

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Contractor Storage Yard, Agricultural

LAND ACRES

3.18 AC

LAND SF

138,521 SF

OFFSITE IMPROVEMENTS

-

ZONING

UC

APN/PARCEL ID

0238-152-02

ASK ABOUT THIS PROPERTY

Matthew WenzelMarcus & MillichapMore Info
949-419-3205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Matthew WenzelMarcus & MillichapMore Info
949-419-3205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.