1.7 Acres Lot
1.7 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24205853
HOA Y/N No
Lot Size 1.700 Acres
Property Description
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 264 - Fontana
Zoning C2
Interior
Fireplace No
Exterior
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
Utilities Available Overhead Utilities
View Y/N Yes
View Mountain(s)
Building
Lot Description 36-40 Units/Acre, Lot Over 40000 Sqft, Over 40 Units/Acre, Value In Land
Water Public
New Construction No
Others
Senior Community No
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, 1031 Exchange
Special Listing Condition Standard
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