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  • MLS#: WS26071273 ( )
  • Street Address: 3071 Market
  • Viewed: 3
  • Price: $690,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 19
  • Additional Information
  • County: RIVERSIDE
  • City: Riverside
  • Zipcode: 92501
  • Provided by: HEBRON EQUITIES INC.
  • Contact: YONG YONG
  • California Regional MLS IDX
  • DMCA Notice
  • 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
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Features
Association Fee
  1. 0.00
Commoninterest
  1. None
Country
  1. US
Distancetowatercomments
  1. Public
Fencing
  1. None
Lot Features
  1. 2-5 Units/Acre
Parcel Number
  1. 209194018
Road Frontage Type
  1. City Street
View
  1. None
Water Source
  1. See Remarks
Zoning
  1. C3-Downtown specific plan