Property Details
About this Property
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!
MLS Listing Information
MLS #
CRPW24205853
MLS Source
California Regional MLS
Days on Site
51
Parking, School, and Other Information
HOA Fee
$0
Zoning
D8, LZ, D9, UO, LV
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
16227 Baseline Ave is in Fontana, CA 92336. This Land is currently priced at $1,629,000. This address can also be written as 16227 Baseline Ave, Fontana, CA 92336.
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This listing information is up-to-date as of October 04, 2024. For the most current information, please contact Adel Hamad
