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 propertys 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 gr