CA > Fontana
Fontana, CA 92336,16227 Baseline Ave
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,629,000
Est. payment /mo
1.7 Acres Lot
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UPDATED:

10/04/2024 01:12 AM

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

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 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

Read Less Info
California Regional MLS (CRMLS)
Listed by Adel Hamad • Lifetime Realty Inc • 310-940-0168

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