****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 ****

  • MLS# EV17100317
  • Sub-Type Resale
  • Status Active
  • Days On Site 15
Zoning R-3
Acreage 2.82
Property View Yes
Listing Provided By:
JEFFREY NYAL  of  CENTURY 21 FAIRWAY REALTY INC
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $6,000,000
1,204.49%
$459,950 in 92882
this listing 15 on site
7.14%
14 on site in 92882

Location

State CA
County Riverside
City Corona
Zip Code 92882
Area 248 - Corona

Loading Form

Real Estate Links Our Domains