3043 and 3071 Market Street Land FOR SALE


Riverside, CA - Downtown Riverside6,098 SF
$1,200,000 USD
626-864-1598
, Riverside, CA for Sale
$1,200,000 USD
Land - FOR SALE
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3043 and 3071 Market Street
Riverside, CA
Downtown Riverside


HIGHLIGHTS

  • • 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 with the approved density
  • • Small project = faster execution
  • • Strong Riverside housing demand This is a near shovel-ready, entitled residential development site offering

OVERVIEW

Fully Entitled Land Sale!!!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

ASK ABOUT THIS PROPERTY

Leo Yong Gao, CCIMSPERRY-Hebron EquitiesMore Info
626-864-1598

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Leo Yong Gao, CCIMSPERRY-Hebron EquitiesMore Info
626-864-1598

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