Pending
1717 Via Del Rio Avenue
Corona CA, 92882
$6,000,000
$48.84 per sqft
Pending
2.82 Acres
Land
Listed by Jeffrey Nyal with Coldwell Banker Home Source 7608877779
****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 ****
485106
MLSⓇ ID
May 6, 2017
Listed
November 23, 2024
Updated
Map
1717 Via Del Rio Avenue
Corona CA, 92882
Exterior/Building Features
Lot Size
2.82 Acres
Lot Features
Paved, Level
Sewer
Public Sewer
Other Property Details
Days on Market
1907
Garage
No
View
Yes
View Description
City Lights
County
Riverside
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
9/7/2023 | Pending | — |
6/28/2023 | Active | — |
Listing Contact: 760-242-6000
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/23/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 11/23/2024 at 1:13 AM UTC