1717 Via Del Rio, Corona, CA 92882 - MLS#485106 - Matt O'Brien

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 6,000,000

Est. payment | -/mo

2.82 Acres Lot

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$ 6,000,000

Est. payment | -/mo

Save

2.82 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 485106

HOA Y/N No

Lot Size 2.820 Acres

Acres 2.82

Lot Dimensions 276' X 437' X 2

Property Sub-Type Lots/Land

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 ****
****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 ****

Location

State CA

County Riverside

Area Riv Cty-Corona (92882)

Exterior

Utilities Available Cable TV,Electric,Natural Gas,Telephone

Building

Lot Description Curbs

Others

Acceptable Financing Cash

Listing Terms Cash

Listed by Jeffrey Nyal • Coldwell Banker Home Source

+1(619) 302-3010

matt@homecrave.com

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1717 Via Del Rio Corona, CA 92882