The Inland Valley Communities and Surrounding Areas

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16281 Arrow Boulevard
Fontana, CA 92335
MLS# CV19166543 ID: 59632131
$1,450,000
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Property Description
Great Potential Commercial Lots... total about 52,351 SF surrounded by apartments, Value In Land. It is ideal for up to 51 units of regular or senior Apartment per the attached proposed Apartment Plan, Restaurants, Coin Laundry, Hair and/or Nail Salons, Offices, Medical Offices, and Auto Shops. There was a proposed Plan to be built out 2 commercial buildings: 3,120 SF and 12,680 SF. There are two lots (16281 Arrow Blvd and 8528 Oleander Ave) included in the sale, each lot with a house 2 bedrooms and 1 bathroom about 888 SF, generating income $1,490 monthly. Tenants have resided in the properties for many years. It will continuously generate income while working on new redevelopment plans. The lots are located on the signalized southwest corner of Arrow Blvd and Oleander Ave. The frontage on Arrow Blvd to be 278 ft and Oleander Ave to be 155 ft. Arrow Blvd is a major thoroughfare for many residents who live in the area. The Property is close to Downtown Fontana, Metro link Plaza, shopping centers, restaurants, Foothill Blvd on the north leading to Victoria Gardens, Auto Club Speedway on the southwest, 10 FWY leading to Ontario Mills and accessing to 15 FWY. Two lots to be sold together, no termite reports and maintenance warranty to be provided by the Sellers, the subject properties are to be sold As Is conditions with No repairs. Please Do Not disturb the tenants because they were not aware of the sale of the properties. Please check with City of Fontana for permitted uses and development standards.
Property Features
Status
Days On Market 805 days
Last Updated September 25, 2021
Market Status Available
Description
Property Type Land
Location
MLS Area 264 - Fontana
Lot Features
Fence Wire Fence
Lot Size Corner Lot
Offered By:
Kuo-Ming Lee
RE/MAX CHAMPIONS

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