$1,629,000
16227 Baseline Ave Fontana, CA 92336
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$1,629,000
Est. payment /mo
1.7 Acres Lot
Active
16227 Baseline Ave Fontana, CA 92336
UPDATED:
10/04/2024 04:58 AM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW24205853
HOA Y/N No
Lot Size 1.700 Acres
Acres 1.7
Property Description
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!
Location
State CA
County San Bernardino
Area Listing
Zoning C2
Interior
Fireplace No
Exterior
View Y/N true
View Mountain(s)
Building
New Construction No
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Listed by Adel Hamad • Lifetime Realty Inc
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