KB Real Estate is pleased to present for sale approx. 21,324 s.f. of vacant land strategically located in the MU-1 zone. The property is located in the downtown area which is experiencing rapid growth and development. There is a large scale 75 unit, 3 -story multi-unit development directly north of this property and a commercial development to the south. The MU-1 zone accommodates a fairly intensive mixture of vertical and horizontal retail and office uses at a development intensity of up to 2.0 FAR. For residential uses, it allows for 25 to 75 dwellings per acre as noted in the City of Ontario current development code. Located in the OPPORTUNITY ZONE.
The property is surrounded by over 30,360 households in a on(1) mile radius and has over 444,745 residents in a five(5) miles radius in a well populated area. The property is conveniently located near downtown of the Ontario Arts District and walking distance to the Ontario City Hall. It is also only 300 yds. to the Metrolink and Amtrak Train station, and very accessible by public transit.
RAPIDLY DEVELOPING AREA
