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    1717 Via Del Rio Avenue

    Corona, CA 92882
    • $6,000,000
    • STATUS: Active
    • ON SITE: 1012 Days
    • ID#: 485106
    UPDATED: 68 min ago
    $6,000,000
    • 0
      BEDS
    • 2.82
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    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 2021-10-20T18:30:39.863. 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 eXp Realty of California Inc.. Licensed in the State of California, USA.
    www.hometownnorthcounty.com/homes/90775966
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    1717 Via Del Rio Avenue Corona, CA 92882

    • Price: $6,000,000
    • Status: Active
    • Updated: 68 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

    Listing provided courtesy of Jeffrey Nyal of Coldwell Banker Home Source


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-20T18:30:39.863. 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 eXp Realty of California Inc.. Licensed in the State of California, USA.
     
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    eXp Realty of California Inc.
    2603 Camino Ramon Suite 200
    San Ramon CA, 94583