See all 5 photos
5 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$3,985,000
Est. payment /mo
1.99 Acres Lot
UPDATED:
12/05/2024 05:04 AM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID TR24198675
HOA Y/N No
Lot Size 1.990 Acres
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, with several developers already applying for permits, demonstrating strong growth and demand for residential opportunities. Additionally, commercial development is booming, further solidifying the area’s appeal as a hub for both residential and business expansion. Fontana’s commitment to long-term growth is reflected in its robust infrastructure improvements, including the Bob Weddle Capital Improvement Program, the South Fontana Recycled Water Project, and multiple parks planned for construction near the property. Situated close to major retail hubs like Victoria Gardens, Ontario Mills, and newly opened grocery stores (Amazon Fresh, Grocery Outlet, and more), as well as Kaiser Permanente Medical Center and Ontario International Airport, this property is ideal for high-density residential development. The location also provides easy access to major employment centers, including Amazon, Target, UPS, and other distribution hubs, making it a highly desirable investment. Check with the city for Density Bonus Program.
Location
State CA
County San Bernardino
Area 264 - Fontana
Zoning R5
Interior
Fireplace No
Exterior
Community Features Foothills
Utilities Available Water Not Available
View Y/N No
View None
Building
Lot Description Street Level
Water None
New Construction No
Others
Senior Community No
Tax ID 0246231140000
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Read Less Info
Listed by Jennie Leung • Keller Williams Signature Realty • 909-322-4350