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SEC Foothill Boulevard & Locust Avenue
Fontana, CA 92335
± 4.0 Acre Development Site · Land For Sale
·
4.00 AC
Investment Highlights
- R-5 Zoning (High Density Residential)
- Development of 159-200 Apartments/Condominiums by Right
- Excellent Frontage on Foothill Boulevard (Historic Route 66)
- Maximum Height of 55 Feet
- Expanding Population Projected to Grow by 1.5 Percent by 2029
- Strong Local Economy Anchored by Major Healthcare, Education and Government Employers
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire a prime 4-acre development site located at the signalized southeast corner of Foothill
Boulevard (Historic Route 66) and Locust Avenue in Fontana, California.
The property is zoned R-5 (High Density Residential), in which the site permits multifamily, condominium and mixed-use development. By right, developers can
construct 159-200 units (equates to 39-50 units per acre) with a maximum height of 55 feet. Developers may further leverage California’s Density Bonus
Program allowing for an additional 20 percent increase in unit count when incorporating affordable housing. Strategically positioned, the property offers
excellent visibility with approximately 295 feet of frontage on Foothill Boulevard and approximately 590 feet of frontage on Locust Avenue. Utilities are readily
available with water and sewer service from the city of Fontana, electricity provided by Southern California Edison and gas by Southern California Gas.
The city of Fontana is one of the fastest-growing cities in Southern California with a population of approximately 215,000 residents (2023). In addition,
there are over 374,600 residents that live within a five-mile radius of the property and this population is projected to grow by 1.5 percent before the end of
2029. Fontana is a powerful hub for manufacturing, logistics and transportation, home to numerous Fortune 500 distribution centers and regional employers
driving strong economic growth. Residents within a five-mile radius of the property earn an above-average household income of $100,697. Notably, the
property is within five miles of State Route 60, State
Route 210 and Interstate 10, these major thoroughfares provide residents with convenient access to the entire county as well as regional employment hubs like
Riverside and Los Angeles. This development site represents a rare opportunity to build high-density housing in one of Southern California’s most dynamic and
business friendly cities.
Boulevard (Historic Route 66) and Locust Avenue in Fontana, California.
The property is zoned R-5 (High Density Residential), in which the site permits multifamily, condominium and mixed-use development. By right, developers can
construct 159-200 units (equates to 39-50 units per acre) with a maximum height of 55 feet. Developers may further leverage California’s Density Bonus
Program allowing for an additional 20 percent increase in unit count when incorporating affordable housing. Strategically positioned, the property offers
excellent visibility with approximately 295 feet of frontage on Foothill Boulevard and approximately 590 feet of frontage on Locust Avenue. Utilities are readily
available with water and sewer service from the city of Fontana, electricity provided by Southern California Edison and gas by Southern California Gas.
The city of Fontana is one of the fastest-growing cities in Southern California with a population of approximately 215,000 residents (2023). In addition,
there are over 374,600 residents that live within a five-mile radius of the property and this population is projected to grow by 1.5 percent before the end of
2029. Fontana is a powerful hub for manufacturing, logistics and transportation, home to numerous Fortune 500 distribution centers and regional employers
driving strong economic growth. Residents within a five-mile radius of the property earn an above-average household income of $100,697. Notably, the
property is within five miles of State Route 60, State
Route 210 and Interstate 10, these major thoroughfares provide residents with convenient access to the entire county as well as regional employment hubs like
Riverside and Los Angeles. This development site represents a rare opportunity to build high-density housing in one of Southern California’s most dynamic and
business friendly cities.
Property Facts
1 Lot Available
Lot
| Price | $5,000,000 | Lot Size | 4.00 AC |
| Price Per AC | $1,250,000.00 |
| Price | $5,000,000 |
| Price Per AC | $1,250,000.00 |
| Lot Size | 4.00 AC |
Zoning (R-5) Multiple-Family High Density Residental Residential Density Allowed: 159-200 dwelling units/acre Site Dimensions Approx. 295' Wide by 590' Deep Frontage Approx. 295' on Foothill Boulevard
Property Taxes
| Parcel Number | 0246-051-13 | Improvements Assessment | $0 |
| Land Assessment | $2,529,375 | Total Assessment | $2,529,375 |
Property Taxes
Parcel Number
0246-051-13
Land Assessment
$2,529,375
Improvements Assessment
$0
Total Assessment
$2,529,375
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