$6,000,000

1717 Via Del Rio Avenue

Corona CA, 92882

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 additions 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 ****

Details

MLS#485106
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site272

Features

ZoningResidential 3
Acreage2.82
Property ViewCity

Market Activity 92882

Loading Form
Loading Form

Area Information

StateCA
CountyRiverside
CityCorona
Zip Code92882
AreaCalifornia
Listing VS Median (Nearby)
Price:
$6,000,000
low | high
Med:
$575,000
100% of Average
On Site:
272
low | high
Med:
272
100% of Average
Listing Updated: 07/07/2020

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the High Desert Association of REALTORS®.

Real Estate Links Our Domains