LOT SIZE 0.140 acres
MLS#WS26071273
STATUSActive
PROPERTY TYPELand - Commercial
Listing Courtesy of:
HEBRON EQUITIES INC.
Agency Phone: 626-864-1598
Associate Name: YONG GAO
Listing Shown by:
Farrell Smyth, Inc.
Agency Phone: 805-543-2172
Property Description
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 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
Property Features
Property Type: Land - Commercial
Lot Size: 0.14 Acres
Feature Descriptions
Community Features: Street Lights
Days on Site: 1
Fencing: None
Lot: 2-5 Units/Acre
Parcel#: 209194018
Water: See Remarks
Listed By / Shown By
Listed By
Agency Name: HEBRON EQUITIES INC.
Agency Phone: 626-864-1598
Agent Name: YONG GAO
Shown By
Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172
Estimate Your Payment
Estimated Payment
$ 1,736.89 per month $1,535.64 Principal & Interest $0.00 Property Tax (data not provided by mls) $201.25 Homeowner's Insurance
3071 Market | MLS# WS26071273
This land located at 3071 Market, Riverside, CA 92501 is currently listed for sale with an asking price of $690,000. The property has approximately 0.14 Acres. Search Riverside real estate on www.farrellsmyth.com today.