0 E Francis St, Ontario, CA 91761
0 E Francis St, Ontario, CA 91761
0 E Francis St, Ontario, CA 91761
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Matthew Wenzel, DRE #01198357 • Marcus & Millichap
$775,000
Est. payment /mo
3.18 Acres Lot
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Key Details

Property Type Vacant Land

Sub Type Other Residential Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW26014122

Lot Size 3.180 Acres

Property Sub-Type Other Residential Land

Source California Regional MLS

Property Description

The subject property is 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.

Location

State CA

County San Bernardino

Area 686 - Ontario

Zoning LV

Exterior

View None

Others

Tax ID 0238152020000

Special Listing Condition Not Applicable

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Sharad Gupta
Sharad Gupta

Broker License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA 95054, USA

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0 E Francis St

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