For Sale
$6,000,000

1717 Via Del Rio Corona, CA 92882

Prime 2.8-acre R-3 site, 82 units permitted.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 2.8-acre development site in Corona, CA, presents a lucrative investment opportunity. Located at 1717 Via Del Rio Ave (APN 103-200-088), this R-3 zoned property offers the potential to construct up to 82 residential units. Currently, a tentative tract map (37314) is underway with the city planning department, proposing a 48-unit townhouse development with strong projected cap rates. Previous plans also envisioned an 82-unit apartment complex, showcasing the site's versatility. The property's strategic location, just blocks from the 91 Freeway and minutes from Interstate 15, ensures excellent accessibility. Its proximity to an elementary school and an existing apartment complex further enhances its desirability. The area boasts several recently completed residential projects, demonstrating strong market demand and investor interest. All utilities are adjacent to the site, simplifying development. This high-density parcel is a rare find in this thriving market, offering significant potential for substantial returns. The asking price is $6,000,000. Don't miss this chance to capitalize on this prime development opportunity in Corona, CA, zip code 92882.

Highlights

  • Rare high-density development parcel.
  • 80+ apartment or 48+ home development potential.
  • Utilities readily available.
  • Entitlements in progress, design flexibility remains.

Property Details for 1717 Via Del Rio

Property type
Land
Lot Size (sq. ft)
121,968 SF
Units
82

Location Insight

City
Corona
County
Riverside
State
California
Latitude
33.872256
Longitude
-117.6014461

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FAQs

What type of property is this?
Land - Prime 2.8-acre R-3 site, 82 units permitted.
Where is the land located?
The property is located at 1717 Via Del Rio Corona, CA.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Rare high-density development parcel.; 80+ apartment or 48+ home development potential.; Utilities readily available.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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(760) 242-6059

Contacts

Jeffrey Nyal
Jeffrey Nyal
Visit Broker Website

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Via Del Rio
Corona, CA 92882

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Corona, CA 92882

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

1717 Via Del Rio
  • Jeffrey Nyal
    Jeffrey Nyal
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