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1717 Via Del Rio Avenue

Corona, CA 92882
  • $6,000,000
  • STATUS: Active
  • ON SITE: 1052 Days
  • ID#: 485106
UPDATED: 38 min ago
$6,000,000
  • 0
    BEDS
  • 2.82
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing provided courtesy of Jeffrey Nyal of Coldwell Banker Home Source

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 ****

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-29T21:27:17.353. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.
www.theashleycooperteam.com/homes/90775966
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1717 Via Del Rio Avenue Corona, CA 92882

  • Price: $6,000,000
  • Status: Active
  • On Site: 1052 Days
  • Updated: 38 min ago
  • ID#: 485106
0
Beds
0
Baths
0
½ Baths
2.82
Acres
County:
Riverside
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 ****
Exterior Features

Lot Features PavedLevel Topography Level View City Lights View YN Yes

Property Features

Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashSubmit Possession Negotiable Sewer Public Sewer Special Listing Conditions Standard Utilities Sewer AvailableSewer Connected Water Source Public Zoning Description Residential 3



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-29T21:27:17.353. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.
 
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First Team Real Estate
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Listing provided courtesy of Jeffrey Nyal of Coldwell Banker Home Source