Property Detail

Description

Exceptional Development Opportunity with Highly Flexible Commercial Zoning Rare opportunity to acquire a strategically located development site offering exceptional zoning flexibility and a wide range of potential commercial and residential development possibilities. The property’s zoning allows for an extensive variety of commercial uses, creating opportunities for investors, developers, owner-users, and builders looking to capitalize on the continued growth of the Fontana area. A conceptual plan has already been prepared for a 36-unit multifamily development, consisting of spacious 1- and 2-bedroom apartments. Depending on the development program and applicable City approvals, a senior housing concept may potentially accommodate 70+ efficiency and one-bedroom units, providing another compelling development strategy. Development Highlights: • Conceptual plan for 36 multifamily units • Potential for 70+ senior housing units, subject to City approval • Flexible zoning supporting a broad range of commercial uses • Approximately 2 minutes from the 210 Freeway • Approximately 6 minutes from the 15 Freeway • Convenient access to the 10 Freeway • New residential development by D.R. Horton nearby • Strong potential for long-term rental income or future disposition upon completion Newly constructed residential units may also qualify for an exemption from certain California rent-cap provisions for a period following construction, subject to applicable law and qualification requirements. The conceptual 36-unit project offers the potential to create a substantial income-producing asset in a growing Inland Empire market. Based on the eventual project design, rents, construction costs, market conditions, and capitalization rates, the completed development could represent significant long-term value. Multiple development strategies. Excellent freeway access. Flexible zoning. Strong surrounding growth. All development concepts, unit counts, permitted uses, zoning, rent-control exemptions, valuations, and other development information should be independently verified with the City of Fontana Planning Department and other appropriate agencies. Conceptual plans are not representations of final City approval. For additional information, conceptual plans, zoning information, or property details, please contact the listing broker.