0 Foothill Boulevard

Pleased to present the opportunity to acquire a prime 4acre development site located at the signalized southeast corner of Foothill Boulevard Historic Route 66 and Locust Avenue in Fontana California The land is zoned R5 High Density Residential in which the site permits multifamily condominium and mixeduse development By right developerscan construct 159200 units equates to 3950 units per acre with a maximum height of 55 feet Developers may further leverage Californias 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 GasThe city of Fontana is one of the fastestgrowing cities in Southern California with a population of approximately 215000 residents 2023 In additionthere are over 374600 residents that live within a fivemile radius of the property and this population is projected to grow by 15 percent before the end of 2029 Fontana is a powerful hub for manufacturing logistics and transportation home to numerous Fortune 500 distribution centers andregional employers driving strong economic growth Residents within a fivemile radius of the property earn an aboveaverage household income of100697 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 highdensity housing in one of Southern Californias most dynamic and business friendly cities