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1550 University Ave - Student Housing Development Opportunity (UCR) 1.03 Acres of Commercial Land Offered at $2,800,000 in Riverside, CA 92507

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INVESTMENT HIGHLIGHTS

Lot Size (SF/AC) 44,867/1.03
Limited supply of developable land product

Desirable location less than 1-mile from UCR
Convenient location to Freeways, shopping & more

1550 University Sale Brochure --compressed

PROPERTY FACTS

Price	$2,800,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Retail Mixed Use Apartment Units - Dorms
No. Lots	1	Total Lot Size	1.03 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	M-U University SP - Mixed Used - University SP

Price	$2,800,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Retail Mixed Use Apartment Units - Dorms
Total Lot Size	1.03 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	M-U University SP - Mixed Used - University SP

1 LOT AVAILABLE

Lot

Price	$2,800,000	Lot Size	1.03 AC
Price Per AC	$2,718,433.41

Price	$2,800,000
Price Per AC	$2,718,433.41
Lot Size	1.03 AC

Lot Size: 44,867 SF / 1.03 AC Zoning: MU-U (University Ave SP) - Sub district 3

DESCRIPTION

SVN Vanguard is pleased to present an ideal student housing development opportunity in the City of Riverside, California. Situated less than 1-mile from UC Riverside, the 1550 University Ave development project consists of one parcel totaling 44,867 SF / 1.03 AC. The subject site is situated mid-block between Chicago & Iowa Ave, and offers easy access to the SR-60 & SR-91 highways. This is a proposed site for mixed-use project with capacity up up 8-stories. Project to include 4 to 5 levels of apartments over 2 floors of commercial space over podium construction, with ground floor restaurant and retail, and an additional 3 floors of subterranean parking. BUYER to verify all information.

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