0 Indiana, Riverside, CA 92503

0 beds 0 baths 610,276 sq.ft.

Offerered at: $1,075,000.00

County: Riverside
Association Fees: $0.00/mo.

Property 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, 2 Bd 2 Bth with 1 garage) on 5.12 acres, a clubhouse (2600 ft.²), 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.

ESSENTIAL INFO

  • Status: Active