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220 W Big Springs Rd 5,190 SF Specialty Building Offered at $1,400,000 in Riverside, CA 92507
EXECUTIVE SUMMARY
PRICE IMPROVEMENT!!! OPPORTUNITY KNOCKS! Motivated seller...This Prime location just feet from the campus of University of California Riverside, offers you the chance to develop a high density Apartment complex. The existing building is a now defunct Elementary school so services are there they just to be upgraded. High visibility corner lot. Plans are drawn for a 3 story 15 unit complex totaling 55 bedrooms and a parking garage (subterranean) with 34 spaces. Structural Engineering and Site Surveyor by Point Engineering, MEP Engineering by Perfect design & Engineering.
PROPERTY FACTS
| Price | $1,400,000 | Building Class | B |
| Price Per SF | $269.75 | Lot Size | 0.59 AC |
| Sale Type | Investment | Construction Status | Abandoned |
| Sale Condition | Redevelopment Project | Building Size | 5,190 SF |
| Property Type | Specialty | No. Stories | 2 |
| Property Subtype | School | Year Built | 1977 |
| Zoning | R3 | ||
| Price | $1,400,000 |
| Price Per SF | $269.75 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | B |
| Lot Size | 0.59 AC |
| Construction Status | Abandoned |
| Building Size | 5,190 SF |
| No. Stories | 2 |
| Year Built | 1977 |
| Zoning | R3 |
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PROPERTY TAXES
| Parcel Number | 253-112-001 | Improvements Assessment | $271,747 |
| Land Assessment | $574,490 | Total Assessment | $846,237 |
PROPERTY TAXES
Parcel Number
253-112-001
Land Assessment
$574,490
Improvements Assessment
$271,747
Total Assessment
$846,237
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220 W Big Springs Rd
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