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SEC Van Buren Blvd & Fred St - Mixed-Use Development Opportunity 1.95 Acres of Commercial Land Offered at $1,890,000 in Riverside, CA 92508
INVESTMENT HIGHLIGHTS
- Zoning permits a maximum density of 30 du/acre
- Income from existing billboard
- Additional units may be approved through density bonus
- Excellent location within the Woodcrest Community
EXECUTIVE SUMMARY
The subject property provides an excellent opportunity for a mixed-use development with pedestrian friendly commercial units on the street level
and residential units above. The Mixed Use- Village zoning permits a maximum density of 30 du/acre allowing approximately 58 units by-right.
Additional units may be approved through State laws. Buyer to verify all plans through the City.
and residential units above. The Mixed Use- Village zoning permits a maximum density of 30 du/acre allowing approximately 58 units by-right.
Additional units may be approved through State laws. Buyer to verify all plans through the City.
PROPERTY FACTS
| Price | $1,890,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Storefront, Retail or Residential |
| No. Lots | 1 | Total Lot Size | 1.95 AC |
| Property Type | Land | ||
| Zoning | MU-V - Mixed Use- Village | ||
| Price | $1,890,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Storefront, Retail or Residential |
| Total Lot Size | 1.95 AC |
| Zoning | MU-V - Mixed Use- Village |
1 LOT AVAILABLE
Lot
| Price | $1,890,000 | Lot Size | 1.95 AC |
| Price Per AC | $969,230.77 |
| Price | $1,890,000 |
| Price Per AC | $969,230.77 |
| Lot Size | 1.95 AC |
Approximately 1.95 Acres zoned MU-V
PROPERTY TAXES
| Parcel Number | 274-120-034 | Improvements Assessment | $0 |
| Land Assessment | $460,099 | Total Assessment | $460,099 |
PROPERTY TAXES
Parcel Number
274-120-034
Land Assessment
$460,099
Improvements Assessment
$0
Total Assessment
$460,099
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SEC Van Buren Blvd & Fred St - Mixed-Use Development Opportunity
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