The offering incudes 2 parcels of adjacent land totaling 2.74 acres. the land is zoned general commercial with a residential overlay allowing up to 30 dwelling units per acre to be built. the area is a sub area of Colton called Cooley Ranch. Cooley Ranch is home to some 1,500 residential units, 4 major RV dealers, along with a Wal-Mart, Starbucks and numerous other retailers and office space uses. This land is one of only 4 developable parcels in Cooley Ranch, 2 of which, are not on the market. The other land on the market is 11 acres pwned by the City and is on them market with a price target range of $15 - $20 / sq. ft.. Given the demand for housing units in the area, an apartment development would be feasible and advantageous.
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