Located at 501 W. Route 66 and 532 Parker Dr., this site is located in the City of Glendora, Pride of the
Foothills and offers three parcels, two zoned R-3 (multi-family - APN'S 8639-027-901 & 902) and one zoned
TCMU (mixed use - APN 8639-027-900). Offers shall include
proposals to develop the site with a maximum of 9 to 11 dwelling units. The TCMU parcel, fronting Route 66, may be developed as
residential only, commercial only or mixed use.This sale is pursuant to the dissolution of the Glendora Redevelopment Agency . All sales subject to approval by the Successor Agency and the Oversight Board. Offers shall include proposals to develop the site with a maximum of 9 to 11 dwelling units. $2,500 good faith deposit required. Buyer shall pay sellers costs to prepare purchase and sale agreement.Escrow to be open within 15 days of Oversight Board approval. Escrow to be extended for 36 months or issuance of building permits, whichever occurs first.All offers shall be in writing and shall include type of financing (i.e. cash, loan, etc.). All buyers shall be identified in the offer - no silent partners; agreements shall be non-transferable.If buyer is represented by a broker, the Successor Agency will not pay a commission or other broker fee.Offers must be received no later than April 20, 2018.
Created on March 15th, 2018 (last updated 5 months ago)