1717 Via Del Rio Avenue
Corona, CA 92882
2.82 acres | #485106
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 ****
Property Details
- Utility FeaturesCableAvailable, ElectricityAvailable, NaturalGasAvailable, PhoneAvailable, SewerAvailable, SewerConnected, WaterAvailable
- Lot DescriptionPaved, Level
- Sewer InformationPublicSewer
- ViewCityLights
- Original List Price$6,000,000
- CountyRiverside
- Property TypePurchase
- Cost6000000
- Utility SourcePublic
- MLS #485106
- MLS #485106
- Acres2.82
- Property SubtypeLand
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Jeffrey Nyal (#HD15087)
Listing Office: Coldwell Banker Home Source (#HD1318)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
