Description
Developers Opportunity! Great investment opportunity to purchase 14.01 acres in a prime development area. Very unique and one of the last lots on the block. The current zoning is R1/10000, meaning 56 homes on the 14 Acres lot, 3 parcels are to be sold together. Utilities run through the land. The land has been in the pre approval stage to re-zone it for an R3 [heavy residential] 72 apartment complex (1150 ft., 2 Bd 2 Bth with 1 garage) on 5.12 acres, a clubhouse (2600 ft.), and a community pool. Total parking spaces 112 for the units and clubhouse. The seller also has plans for a 15 single-family home development in the pre-application stage. Endless opportunities however this requires grading and grading plans are available to you. Off Indiana Avenue & Graywood Court of Riverside, 1 mile from the new High School - Hillcrest.
-
0BEDS
-
14.01ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
Developers Opportunity! Great investment opportunity to purchase 14.01 acres in a prime development area. Very unique and one of the last lots on the block. The current zoning is R1/10000, meaning 56 homes on the 14 Acres lot, 3 parcels are to be sold together. Utilities run through the land. The land has been in the pre approval stage to re-zone it for an R3 [heavy residential] 72 apartment complex (1150 ft., 2 Bd 2 Bth with 1 garage) on 5.12 acres, a clubhouse (2600 ft.), and a community pool. Total parking spaces 112 for the units and clubhouse. The seller also has plans for a 15 single-family home development in the pre-application stage. Endless opportunities however this requires grading and grading plans are available to you. Off Indiana Avenue & Graywood Court of Riverside, 1 mile from the new High School - Hillcrest.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-02-06T17:30:12.053. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cane Real Estate | Keller Williams La Jolla. Licensed in the State of California, USA.