Listing by: Adel Hamad, Lifetime Realty Inc, 310-940-0168
0 Beds
n/a Full bath
n/a SqFt
Active
Introducing an Unbelievable Opportunity with Rare Zoning Flexibility! This exceptional lot offers nearly 90% of all commercial uses permitted within the city—a truly unique find! Whether you envision a thriving business hub or a residential multi-family development, the possibilities are endless. A conceptual plan has already been designed for a 36-unit complex featuring spacious 1- and 2-bedroom apartments. But here's where it gets even more exciting—with a senior housing project, you could potentially secure approval for over 70 units of efficiency and 1-bedroom apartments! Located just 2 minutes from the 210 Freeway, 6 minutes from the 15 Freeway, and a quick drive to the 10 Freeway, this lot is in prime proximity to everything. And with new homes by D.R. Horton being built just down the street, this area is poised for growth! The 36 units, if constructed, would command premium rents and be exempt from rent control for the first 15 years due to their new construction status. The potential resale value of these units, once built, is estimated at over $15 million, or you could retain them for a substantial cash flow investment. For more details contact the Fontana Planning Department... Don’t miss out on this extraordinary opportunity!
Property Details | ||
---|---|---|
Price | $1,629,000 | |
Lot Size Area | 74052 | |
Lot Size Area Units | Square Feet | |
Acres | 1.7 | |
Property Type | Land | |
Exterior Features | Curbs,Sidewalks,Storm Drains,Street Lights | |
View | Mountain(s) | |
Lot Description | 36-40 Units/Acre,Lot Over 40000 Sqft,Over 40 Units/Acre,Utilities - Overhead,Value In Land | |
Association Fee | 0 | |
Geographic Data | ||
Directions | Located South of the 210Fwy close to the corner of Citrus Ave and East of the 15FWY | |
County | San Bernardino | |
Latitude | 34.121163 | |
Longitude | -117.450845 | |
Market Area | 264 - Fontana | |
Address Information | ||
Address | 16227 Baseline Ave, Fontana, CA 92336 | |
Postal Code | 92336 | |
City | Fontana | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Lifetime Realty Inc | |
Listing Agent | Adel Hamad | |
Listing Agent Phone | 310-940-0168 | |
Attribution Contact | 310-940-0168 | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | Standard | |
Ownership | None | |
MLS Information | ||
Days on market | 0 | |
MLS Status | Active | |
Listing Date | Oct 3, 2024 | |
Listing Last Modified | Oct 4, 2024 | |
MLS Area | 264 - Fontana | |
MLS # | PW24205853 |
This information is believed to be accurate, but without any warranty.