5151 e Arrow Highway — Sale in Montclair, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Montclair, CA 91763

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Description

Marcus & Millichap is pleased to present the Montclair Mixed-Use Residential Development Opportunity, a premier ±5.975- acre infill site positioned at the southeast corner of Arrow Highway and Fremont Avenue in the City of Montclair, California. Strategically located within the North Montclair Downtown Specific Plan, the property represents a rare chance to develop a large-scale, transit-oriented residential community within one of the Inland Empire’s most progressive urban districts. The site’s designation within a High Resource Area and Difficult Development Area (DDA) offers significant advantages for developers pursuing affordable or mixed-income housing, providing eligibility for enhanced federal tax credit basis adjustments and aligning with state-level incentives promoting equitable, high-opportunity communities. The proposed development concept envisions a two-phase residential community featuring both multifamily apartments and for-sale townhomes, designed to meet a broad spectrum of housing needs. The ±1.76-acre northern parcel is contemplated for a five-story multifamily building consisting of approximately 142 to 180 units, with densities ranging from 80 to 102 dwelling units per acre, optimized for rental housing. The ±2.68-acre southern parcel is planned for 59 attached townhomes at roughly 22 dwelling units per acre, accompanied by a 0.37-acre public park at the corner of Fremont Avenue and Olive Street. Together, the parcels create a cohesive, mixed-density neighborhood that aligns with the City’s long-term planning goals under the North Montclair Downtown Specific Plan. To achieve the desired yield, the project anticipates a Specific Plan Amendment to allow cumulative density calculations across adjacent parcels, along with potential refinements to the internal street layout and shopfront overlay requirements. Located less than one mile from the Montclair TransCenter, the site benefits from direct access to the Montclair Metrolink Station, providing

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