$6,000,000
BEDS
--
BATHS
--
SQFT
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ACRES
2.82
Active MLS # 485106, Listed by Coldwell Banker Home Source
1717 Via Del Rio Avenue is a $6,000,000 property on a 2.82 acre lot located in Corona, CA.
Seller’s 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 ****
Features
INTERIOR
EXTERIOR
| Exterior Features | Frontage Type - Paved/Asphalt |
| Views | City |
| Land Type | Zoning Description - Residential 3 |
| Water Source | Public |
| Sewer | Sewer Connected - Yes Sewer In - Yes Sewer Paid - Yes |
PROPERTY
| Property Type | Land |
| Property Sub Type | Residential |
| Style Characteristics | Transaction Type - Sale |
| County | riverside |
Based on information from the High Desert Association of Realtors, last updated 09/30/2020 at 12:50am MDT. Listing 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. Information deemed reliable but not guaranteed by the MLS or this website.
