****Land development opportunity located in the booming city of Corona, CA. Currently being conditionally used as a Church, the almost 3 acres is zoned R-3 Multi-Family allowing for up to 82 units. The parcel is located only a few blocks from the 91 FWY, and minutes from Interstate 15. Tentative Tract Map # 37314 underway with city planning department, proposing 48 Townhouses with the potential to generate lucrative cap rates. In addition plans have been proposed to build 82 apartment units, adding even more possibilities for the site. Adjacent to an elementary school, and an already existing apartment complex, it makes sense for this site to live up to its full potential. Several residential projects have been completed in the area. Investors started cash flowing with greater than expected interest from buyers/tenants. A development opportunity like this is definitely worth some consideration. Come VIEW and make an OFFER TODAY ****
- Price:
- $6,000,000
- Bedrooms:
- 0
- Full Baths:
- 0
- Square Footage:
- n/a
- Acreage:
- 2.82
- MLS #:
- 485106
- Street Address:
- 1717 Via Del Rio Ave
- City:
- Corona
- State:
- CA
- Postal Code:
- 92882
- County:
- Riverside
- Listing Status:
- For Sale - Pending
Building
- View:
- City Lights
Land
- Approximate Lot Size Range Source:
- Assessor
- Lot Features:
- Paved, Level
- Lot Size:
- 122839
- Lot Square Footage:
- 122839
- Road Type:
- Paved
- Topography:
- Level
- Zoning Description:
- Residential 3
Listing
- Community Features:
- Curbs, Gutter(s)
- Days On Market:
- 1843
- On Market Date:
- 2017-05-06
- Originating Mls:
- Crmls
- Terms:
- Cash, Submit
Location
- Street Type:
- Avenue
Systems
- Existing Water:
- Public
- Sewage Type:
- Public Sewer
- Utilities:
- Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Sewer Connected, Water Available
Source
- Provided By:
-
Listing Agent Jeffrey Nyal with Coldwell Banker Home Source
