$3,985,000
 $26,512 est/mo Sourced by Back At You

18045 Foothill Boulevard , Fontana, CA 92335

Fontana, CA 92335

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Description

Attention Developers! We are proud to present this R5-zoned (High Density Residential) opportunity on a 1.99-acre, rectangular, level lot with wide frontage along historic Route 66 (Foothill Blvd). 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 2050, 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. 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.

Details

MLSTR24198675
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site8
Listing Provided ByKeller Williams Signature Realty 626-964-5500 | Jennie Leung

Features

ZoningR5
Acreage1.99
Property ViewNone

Market Activity 92335

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 4 minutes ago
StateCA
CountySan Bernardino
CityFontana
Zip Code92335
Area264 Fontana
Listing VS Median (in 92335)
Price:
$3,985,000
low | high
Med:
$591,500
100% of Average
On Site:
8
low | high
Med:
39.000000
20.512820512821% of Average
Sourced by Back At You
Listing Updated: October 3, 2024 at 3:57:06 AM PDT