REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 690,000
Est. payment /mo
Active
3071 Market Riverside, CA 92501
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS26071273
HOA Y/N No
Lot Size 6,098 Sqft
Property Description
Infill development parcel located in Downtown Riverside, positioned on the corner of Market Street and 1st Street. Close to Mission Inn, Riverside Metrolink, retail, restaurants, and civic buildings. The site is currently vacant land with an entitlement map approved for 4 condo units, offering a ready-to-develop opportunity in a growing urban core. Zoning: C3-Downtown specific plan— Gateway District.
• Fully entitled 4-unit residential development with ~1,800 – 2,300 SF per unit
• Strong resale demand for new construction townhome/condo product
• Projected exit pricing of approximately $850,000 per unit
• Meaningful time-value premium due to reduced entitlement risk
• Approved density
• Small project = faster execution
• Strong Riverside housing demand
This is a near shovel-ready, entitled residential development site offering:
• Accelerated timeline to construction
• Embedded execution and time value
• Fully entitled 4-unit residential development with ~1,800 – 2,300 SF per unit
• Strong resale demand for new construction townhome/condo product
• Projected exit pricing of approximately $850,000 per unit
• Meaningful time-value premium due to reduced entitlement risk
• Approved density
• Small project = faster execution
• Strong Riverside housing demand
This is a near shovel-ready, entitled residential development site offering:
• Accelerated timeline to construction
• Embedded execution and time value
Location
State CA
County Riverside
Area 252 - Riverside
Zoning C3-Downtown specific plan
Interior
Fireplace No
Exterior
Fence None
Community Features Street Lights
View Y/N No
View None
Building
Lot Description 2-5 Units/Acre
Water See Remarks
New Construction No
Others
Senior Community No
Tax ID 209194018
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Listed by YONG GAO HEBRON EQUITIES INC. 626-864-1598, DRE #01409769