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$1,300,000
Est. payment /mo
0.6 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID IG25110125
HOA Y/N No
Year Built 1977
Lot Size 0.600 Acres
Property Sub-Type Multi Family
Property Description
PRICE IMPROVEMENT!!! Motivated SELLERS! Bring us your reasonable offers! What are you looking at? YES! IT'S OPPORTUNITY!!! This is your chance to develop a prime corner lot, 350 ft from the entrance to University of California Riverside. Value is in the land and THE PLANS. High visibility. Nice mix of High density, Commercial/Light Industrial and Single Family structures. Close to Riverside Transit Stop. Full plans have been drawn for a 15 door, 55 bed, 42,834 sq ft 2 story, 3 level apartment complex and parking garage. Mixed units consist of 3-4 bedrooms and 3-4 bathrooms with two living areas. Most are 4 bedrooms with 3 baths perfect for student housing. Just steps to shopping, College, Health food stores, and places of worship. Good for all R3 zoning uses. The existing building was an elementary school in the past. Remove it and build your Investment Opportunity!
Location
State CA
County Riverside
Area 252 - Riverside
Interior
Heating None
Fireplace No
Laundry None
Exterior
Present Use See Remarks
Building
Lot Description Tear Down
Story 2
Water Public
Others
Tax ID 253112001
Special Listing Condition Standard
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Listed by Jill Huntsinger CAPITIS REAL ESTATE 951-202-4449, DRE #01319737
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