1717 Via Del Rio Avenue, Corona

$6,000,000

0 Beds
0 Baths
0 Sqft
122,839 Lot Sqft
0 Garages

****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 **** Access Type: Public Access # of RV Spaces: 0 Zoning Description: Residential 3 Lot Location Type: Standard Location Development Status: Other Easements: See Map of Record Miscellaneous: Curb,Gutter,Existing Structure Utility Adjc to Site: Gas,Electric,Water,Telephone,Sewer,Cable # of Attached Spaces: 0 # of Detached Spaces: 0 # of RV Spaces: 0

Essential Information
MLS® #485106
Price$6,000,000
Lot Sqft122,839
Acres2.82
TypeLot-Land
Sub-TypeLots and Land
StatusActive
Community Information
Address1717 Via Del Rio Avenue
CityCorona
CountyRiverside
StateCA
Zip Code92882
Amenities
ViewCity Lights View
Utilities

Sewer Available, Sewer Connected

Exterior
Lot DescriptionPaved
Additional Information
Date ListedMay 6th, 2017
Days on Market890
Listing Details
AgentJeffrey Nyal(01373556)
OfficeColdwell Banker Home Source
LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of October 14th, 2019 at 4:12am CDT. 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, 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.

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