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1717 Via Del Rio Avenue

Corona, CA 92882
  • $6,000,000
  • STATUS: Active
  • ON SITE: 1062 Days
  • ID#: 485106
$6,000,000
  • 0
    BEDS
  • 2.82
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent: 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 2021-12-09T00:26:49.073. 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 Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
www.sellinglasouthbay.com/homes/90775966
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1717 Via Del Rio Avenue Corona, CA 92882

  • Price: $6,000,000
  • Status: Active
  • On Site: 1062 Days
  • 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 Road Surface Type Paved Topography Level View City Lights View YN Yes

Property Features

Community Features CurbsGutter(S) Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashSubmit Possession Negotiable Property Sub Type Mixed Use Sewer Public Sewer Special Listing Conditions Standard Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableSewer ConnectedWater Available Water Source Public Zoning Description Residential 3



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-09T00:26:49.073. 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 Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
 
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Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay
23670 Hawthorne Blvd. #100
Torrance CA, 90505
Listing Agent: Jeffrey Nyal of Coldwell Banker Home Source