1717 Via Del RioCorona, CA 92882
- Land
- 2.80 AC
Property Details for 1717 Via Del Rio
- Lot size
- 2.80 AC
- Property type
- Land
Description
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.
Location Insight
- City
- Corona
- County
- Riverside
- State
- California
- Latitude
- 33.8723
- Longitude
- -117.601
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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