Infill development parcel located in Downtown Riverside, positioned on the corner of Market Street and 1st Street. Close to Mission Inn, Riverside Metrolink, retail, restaurants, and civic buildings. The site is currently vacant land with an entitlement map approved for 4 condo units, offering a ready-to-develop opportunity in a growing… Read More urban core. Zoning: C3-Downtown specific plan— Gateway District.
• Fully entitled 4-unit residential development with ~1,800 – 2,300 SF per unit
• Strong resale demand for new construction townhome/condo product
• Projected exit pricing of approximately $850,000 per unit
• Meaningful time-value premium due to reduced entitlement risk
• Approved density
• Small project = faster execution
• Strong Riverside housing demand
This is a near shovel-ready, entitled residential development site offering:
• Accelerated timeline to construction
• Embedded execution and time value Read Less
Property listed by HEBRON EQUITIES INC., YONG GAO 626-864-1598
Listing Snapshot
Days Online
0
Last Updated
Lot Size
0.14 Acres
MLS Number
WS26071273
Additional Details
Property Access
Frontage Type: CityStreet
Community
StreetLights
Fence
None
Home Owner's Association
Association Fee: $0
Lot
0.14 acres, TwoToFiveUnitsAcre
Taxes
Additional parcels description:, Parcel Number: 209194018, Lot: 9, Zoning: C3-Downtown specific plan
Utilities
Water Source: SeeRemarks
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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