Homes for sale - 1717 Via Del Rio AVE, Corona, CA 92882

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Jeffrey Nyal • Coldwell Banker Home Source

$6,000,000

Est. payment - /mo

2.82 Acres Lot

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Key Details

Property Type Vacant Land

Sub Type Other Residential Land

Listing Status Pending

Purchase Type For Sale

MLS Listing ID CR485106

Originating Board California Regional MLS

Lot Size 2.820 Acres

Property Sub-Type Other Residential Land

Property Description

****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 ****

Location

State CA

County Riverside

Zoning PAV

Exterior

Utilities Available Electricity - On Site, Telephone - Not On Site

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Building

Lot Description Paved

Water District - Public

Others

Tax ID 103200088

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1717 Via Del Rio AVE Corona, CA 92882

JLee Broker

Key Details

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