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1550 University Ave - Student Housing Development Opportunity (UCR) 1.03 Acres of Commercial Land Offered at $3,000,000 in Riverside, CA 92507
Investment Highlights
- Great opportunity for ground-up retail or mixed-use development.
- Frontage and visibility along a well-traveled arterial corridor.
- Immediate freeway access via the 60 Fwy enhances connectivity to the Inland Empire and Southern California Markets.
- Located in a high-traffic urban corridor adjacent to UC Riverside and within minutes of Downtown Riverside.
- Zoning: CR-SP (Commercial Retail-Specific Plan), permitting a broad range of commercial and retail uses.
Executive Summary
Excellent development opportunity near UC Riverside. This approximately 1.03-acre parcel is strategically positioned along a high-traffic arterial corridor, offering excellent frontage and visibility. Located adjacent to UC Riverside, minutes from Downtown Riverside, and with convenient access to the 60 Freeway, the property provides strong connectivity throughout the Inland Empire and greater Southern California.
The property is designated CR-SP (Commercial Retail–Specific Plan), allowing for a broad range of potential commercial and retail uses. Buyers should independently verify all zoning, permitted uses, and development requirements with the City of Riverside.
The property is designated CR-SP (Commercial Retail–Specific Plan), allowing for a broad range of potential commercial and retail uses. Buyers should independently verify all zoning, permitted uses, and development requirements with the City of Riverside.
Property Facts
1 Lot Available
Lot
| Price | $3,000,000 | Lot Size | 1.03 AC |
| Price Per AC | $2,912,621.36 |
| Price | $3,000,000 |
| Price Per AC | $2,912,621.36 |
| Lot Size | 1.03 AC |
Moderately walkable
60/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 253-020-012 | Improvements Assessment | $0 |
| Land Assessment | $1,692,826 | Total Assessment | $1,692,826 |
Property Taxes
Parcel Number
253-020-012
Land Assessment
$1,692,826
Improvements Assessment
$0
Total Assessment
$1,692,826
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1550 University Ave - Student Housing Development Opportunity (UCR)
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