16389 Arrow Blvd Fontana, CA 92335

Listing Agency Foothill City Realty s***@foothillcity.com Show Phone

Listed by Sandro Ustrell · License #01165793 Show Phone

Source Exprealty

Added: Jul 15, 2024 Checked: Jul 17 at 8:23 pm

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Investment Insights

Based on property information with market context.

This property presents a rare opportunity due to the new proposed city zoning WMXU-1, which permits a combination of commercial development and multi-family housing. This could take the form of vertical development, with housing or offices above ground-floor commercial space, or horizontal development, where housing and commercial uses are adjacent. The WMXU-1 zoning allows for residential densities ranging from 24 to 39 dwelling units per acre. The property is located in the California Opportunity Zone and is centrally situated on a busy street, providing convenient access to services and freeway access. It is also located within a few blocks of Fontana City Hall and downtown. The large, usable lot and advantageous zoning accommodate a wide range of uses, including automotive repair and sales, car washes, retail stores, multi-family housing, service stations, professional offices and services, lodging facilities, eating and drinking establishments, entertainment, recreation, financial facilities, medical facilities, mini storage, and religious facilities.

Key Highlights

• New proposed city zoning WMXU‑1 allows for a combination of commercial development and multi‑family housing.
• Located in a California Opportunity Zone.
• Centrally located on a busy street close to all services and freeway access.

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FAQs

What type of property is this?

Commercial land - Land with advantageous zoning for commercial and multi-family development.

Where is this commercial land located?

The property is located at 16389 Arrow Blvd Fontana, CA.

What is the asking price?

The asking price for this property is $598,000.

What are key features of this property?

This property features: New proposed city zoning WMXU‑1 allows for a combination of commercial development and multi‑family housing.; Located in a California Opportunity Zone.; Centrally located on a busy street close to all services and freeway access.