$6,000,000
1717 Via Del Rio Avenue, Corona 92882
122,839
Lot Size
Listing Agent
Jeffrey Nyal - Coldwell Banker Home Source****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 addition 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 ****
Facts & Features
| MLS® # | 485106 |
|---|---|
| Price | $6,000,000 |
| Bathrooms | 0.00 |
| Lot Size | 122,839 |
| Type | Land |
| Status | Pending |
Community Information
| Address | 1717 Via Del Rio Avenue |
|---|---|
| City | Corona |
| County | Riverside |
| Zip Code | 92882 |
Amenities
| Utilities | Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Sewer Connected, Water Available |
|---|---|
| View | City Lights |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
Exterior
| Lot Description | Paved, Level |
|---|
Additional Information
| Date Listed | May 6th, 2017 |
|---|---|
| Days on Market | 1907 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jeffrey Nyal |
|---|---|
| Office | Coldwell Banker Home Source |