Go back

Search Land - 1717 Via Del Rio Avenue

1717 Via Del Rio Avenue

$6,000,000
1717 Via Del Rio Avenue, Corona, CA
Status: Under Contract
Loading...
Property Type
Acreage
Acreage
2.82 acres
County
Riverside, CA
Format
Sale
Features
N/A
List Date
Oct 31, 2018
Documents
N/A
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 ****
Listing Agent
Jeffrey Nyal
Home Source
Apple Valley, California
By submitting, you agree to our privacy policy andterms.
Co-op approved lenders in Riverside County, CA:
Farm Credit
Want to learn more about our financing options?
Enter your email below to receive free resources and information.
By submitting, you agree to our privacy policy andterms.
RLI
More land for sale from this broker
View all