150 Cornell Avenue

Claremont Village Development OpportunityMU60 ZoningRare vacant lot in the heart of Claremont Village with strong development upside Position yourself in one of the most supplyconstrained and high demand submarkets in the Inland Empire with this rare infill development opportunity in the heart of Claremont Village This vacant lot is fully positioned for a highyield mixeduse or multifamily development with favorable zoning and clear density guidance from the City of ClaremontZoning MU60 MixedUseUp to 5 stories allowed 60 ft 8747 SF1 unit per 750 NET SFCity indicates up to 9 unitsSinglefamily not permittedInvestor Highlights Prime walkable Village location Mixeduse or multifamily potential Strong rent resale demand Multiple exit strategies buildtorent condos mixeduse One of the last infill parcels availableWith up to 9 units allowed developers can capitalize on High perdoor value in a premium walkable location Favorable unit mix potentialmarketrate rentals condos or live workMultiple Exit Strategies Buildtorent for longterm cash flow BuildtoSell condostownhomes in a supplylimited market Mixeduse retail residential for diversified income streamsPremium Location Claremont Village consistently commands Aboveaverage rents compared to surrounding submarkets Stong tenant demand driven by proximity to Pomona College Claremont Graduate University Scripps College Claremont McKenna College Harvey Mudd College Pitzer College and Keck Graduate Institute retail and transit Low vacancy and stable absorption trends Property is located directly across from the Claremont Police Dept Zoning Advantage Reduced Entitlement Risk Established MU60 zoning supports higher density City acknowledgment of up to 9 units provides a clearer development path Eliminates uncertainty typical wit rezoning playsScarcity Factor One of the last or the last remaining vacant parcels in the Village Infill locations like this rarely trade creating longterm appreciation upsideValueAdd Potential Vertical density maximized 5story envelope Groundfloor retail activation for additional NOI Efficient unit design to optimized rent per SF Condo mapping for premium exit pricing Clear density upside Flexible product strategy Strong exit optionality