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$3,985,000
Est. payment /mo
1 Sqft Lot
UPDATED:
10/24/2024 07:41 PM
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRTR24198675
Originating Board California Regional MLS
Lot Size 1 Sqft
Property Description
R5-zoned (High Density Residential) opportunity on a 1.99 acre, rectangular, level lot with wide frontage along historic Route 66 (Foothill Blvd). Parcels can be sold separately (0246-231-14,0246-231-15). This prime property offers the potential to develop 77 to 99 residential units in the fast-growing city of Fontana. In 2023, the City of Fontana amended its Form-Based Code, focusing on multi-family housing and mixed-use development as part of the State's SB2 Grant and Downtown Core Project. Fontana is expected to grow by an estimated 10,000 new residents by 2025, positioning this property as an ideal site for future development. Strategically located at the crossroads of major trade routes, the property's role as a hub for supply chains makes it a vital part of the Inland Empire, offering excellent access for commuters and businesses alike. Bordering Rancho Cucamonga, Ontario, and Rialto, the property is near major freeways, including SR-210, I-10, and I-15. Adjacent to the property, the Rock of Salvation Church, Fontana's newest place of public assembly, is set to transform a portion of the street between Laurel and Locust, enhancing the vibrancy of the area. Nearby Future Site of High-Speed Train to Las Vegas. High-density housing projects are actively being developed nearby,
Location
State CA
County San Bernardino
Area 264 - Fontana
Zoning LWS
Exterior
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Building
Lot Description Grade - Level
Others
Tax ID 0246231140000
Special Listing Condition Not Applicable
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Listed by Jennie Leung • Keller Williams Signature Realty
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Joel Martinez
Property Connection Specialist | License ID: 02338033
Property Connection Specialist License ID: 02338033