Log In/Sign Up
Your email has been sent.
Indiana Ave - 16 Shovel Ready Lots 16 Acres of Residential Land Offered at $880,000 in Riverside, CA 92503
Executive Summary
Strategically located just minutes from the 91 and 15 freeways,
this 3-parcel offering presents strong upside potential. With
utility access, rolling terrain, and elevated views of Riverside
and Corona, the property sits in a high-demand growth corridor.
Only 1 mile from the La Sierra Metrolink station and 2 miles
from major retail hubs like Costco and Walmart, the site
offers convenience and commuter appeal. Currently zoned
R1-10000 (low-density residential), with potential for R-3 rezoning
to support higher-density multifamily development.
A previously approved Tentative Tract Map for 16 single-family
homes (now expired) provides a head start. Seller can provide
all studies and reports submitted to the County. Preliminary rezoning
plans were initiated during COVID for a 3-story, multiunit
complex featuring 2-bed/2-bath units, a pool, clubhouse,
and more—paused due to funding and development expertise.
Located near the established Lake Hills community, this
property is ready for a visionary investor to take it to the next
level. Ideal for build-and-hold, multi-unit development, or
resale strategy
this 3-parcel offering presents strong upside potential. With
utility access, rolling terrain, and elevated views of Riverside
and Corona, the property sits in a high-demand growth corridor.
Only 1 mile from the La Sierra Metrolink station and 2 miles
from major retail hubs like Costco and Walmart, the site
offers convenience and commuter appeal. Currently zoned
R1-10000 (low-density residential), with potential for R-3 rezoning
to support higher-density multifamily development.
A previously approved Tentative Tract Map for 16 single-family
homes (now expired) provides a head start. Seller can provide
all studies and reports submitted to the County. Preliminary rezoning
plans were initiated during COVID for a 3-story, multiunit
complex featuring 2-bed/2-bath units, a pool, clubhouse,
and more—paused due to funding and development expertise.
Located near the established Lake Hills community, this
property is ready for a visionary investor to take it to the next
level. Ideal for build-and-hold, multi-unit development, or
resale strategy
Data Room Click Here to Access
Property Facts
| Price | $880,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 16.00 AC |
| Property Type | Land | ||
| Zoning | R-A-2, R-1-10000, R-5 | ||
| Price | $880,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 16.00 AC |
| Zoning | R-A-2, R-1-10000, R-5 |
1 Lot Available
Lot
| Price | $880,000 | Lot Size | 16.00 AC |
| Price Per AC | $55,000.00 |
| Price | $880,000 |
| Price Per AC | $55,000.00 |
| Lot Size | 16.00 AC |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $530,302 | Total Assessment | $530,302 |
Property Taxes
Parcel Numbers
Land Assessment
$530,302
Improvements Assessment
$0
Total Assessment
$530,302
1 of 21
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Indiana Ave - 16 Shovel Ready Lots
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.