220 W Big Springs Rd - Schools FOR SALE


Riverside, CA 92507- University Hills
$1,400,000 USD
760-885-9925
220 W Big Springs Rd, Riverside, CA for Sale
$1,400,000 USD
Schools - FOR SALE
1/18
null | Request Cap Rate

220 W Big Springs Rd
Riverside, CA 92507
University Hills


HIGHLIGHTS

  • City-approved plans for a 15-unit, 55-bedroom apartment complex included.
  • Subterranean parking garage designed for 34 vehicles.
  • Located steps from the University of California, Riverside campus.
  • Existing utility services on-site, requiring only upgrades.
  • Structural and MEP engineering work already completed.
  • High-visibility corner lot ideal for student housing redevelopment.

OVERVIEW

Opportunity to acquire a redevelopment site just steps from the University of California, Riverside campus. This property includes city-approved plans for converting the former elementary school into a three-story, 15-unit apartment complex with a total of 55 bedrooms and a subterranean parking garage offering 34 spaces. Existing utility infrastructure is in place, requiring only upgrades for the new development. Structural engineering and site survey work have been completed by Point Engineering, with MEP engineering provided by Perfect Design & Engineering. The high-visibility corner lot offers strong appeal for student housing or multifamily development in a supply-constrained market. This is a shovel-ready project with entitlements and plans included, reducing time to market and streamlining the development process.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$270 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

R3

APN/PARCEL ID

253-112-001

ASK ABOUT THIS PROPERTY

Jill HuntsingerCapitis Real EstateMore Info
760-885-9925

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Jill HuntsingerCapitis Real EstateMore Info
760-885-9925

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.