Greg Malik Real Estate
1717 Via Del Rio
Corona, CA 92882

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 ****

Details

MLS#EV17100317
Sub-TypeResale
StatusActive
Days On Site13

Features

ZoningR-3
Acreage2.82
Property ViewYes

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Area Information

StateCA
CountyRiverside
CityCorona
Zip Code92882
Area248 - Corona
Listing VS Median (in 92882)
Price:
$6,000,000
low | high
Med:
$464,000
100% of Average
On Site:
13
low | high
Med:
5
100% of Average
Listing Updated: 01/17/2019
MLS Number: EV17100317
Listing Provided By:
JEFFREY NYAL  of  CENTURY 21 FAIRWAY REALTY INC
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