1717 Via Del Rio Avenue

    Corona, CA 92882
    • $6,000,000
    • STATUS: Active
    • ON SITE: 246 days
    • ID#: 485106
    UPDATED: 42 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 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 **** Access Type: Public Access # of RV Spaces: 0 Zoning Description: Residential 3 Lot Location Type: Standard Location Development Status: Other Easements: See Map of Record Miscellaneous: Curb,Gutter,Existing Structure Utility Adjc to Site: Gas,Electric,Water,Telephone,Sewer,Cable # of Attached Spaces: 0 # of Detached Spaces: 0 # of RV Spaces: 0

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-15T15:30:06.933. 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 J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/90775966

    1717 Via Del Rio Avenue Corona, CA 92882

    • Price: $6,000,000
    • Status: Active
    • Updated: 42 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 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 **** Access Type: Public Access # of RV Spaces: 0 Zoning Description: Residential 3 Lot Location Type: Standard Location Development Status: Other Easements: See Map of Record Miscellaneous: Curb,Gutter,Existing Structure Utility Adjc to Site: Gas,Electric,Water,Telephone,Sewer,Cable # of Attached Spaces: 0 # of Detached Spaces: 0 # of RV Spaces: 0
    Exterior Features

    Lot Features Paved Lot Size Dimensions 276' X 437' X 286' X 406 Lot Size Source Assessor Lot Size Units Square Feet Topography Level View City Lights View YN Yes

    Property Features

    Sewer Sewer Paid Special Listing Conditions Standard Utilities Sewer ConnectedSewer Available 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 2019-09-15T15:30:06.933. 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 J1 REALTY GROUP. Licensed in the State of California, USA.
     
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