Indiana Ave - Residential LAND FOR SALE


Riverside, CA 92503 696,960 SF
$1,000,000 USD
949-724-1000
Indiana Ave, Riverside, CA for Sale
$1,000,000 USD
Residential LAND - FOR SALE
1/23
696,960 SF

Indiana Ave
Riverside, CA 92503


OVERVIEW

Strategically located just minutes from the 91 and 15 freeways, this 3-parcel offering presents strong upside potential. With utility access, rolling terrain, and elevated views of Riverside and Corona, the property sits in a high-demand growth corridor. Only 1 mile from the La Sierra Metrolink station and 2 miles from major retail hubs like Costco and Walmart, the site offers convenience and commuter appeal. Currently zoned R1-10000 (low-density residential), with potential for R-3 rezoning to support higher-density multifamily development. A previously approved Tentative Tract Map for 16 single-family homes (now expired) provides a head start. Seller can provide all studies and reports submitted to the County. Preliminary rezoning plans were initiated during COVID for a 3-story, multiunit complex featuring 2-bed/2-bath units, a pool, clubhouse, and more—paused due to funding and development expertise. Located near the established Lake Hills community, this property is ready for a visionary investor to take it to the next level. Ideal for build-and-hold, multi-unit development, or resale strategy

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/ACRE

$62,500/AC

PRICE/SF

$1 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

16 Shovel Ready Lots

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo, Apartment Units - Senior, Single Family Development, Single Family Residence

LAND ACRES

16 AC

LAND SF

696,960 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

R-A-2, R-1-10000, R-5

APN/PARCEL ID

135-204-005,135-204-007,135-280-001

ASK ABOUT THIS PROPERTY

Chad NasirLee & Associates - Newport BeachMore Info
949-724-1000

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Chad NasirLee & Associates - Newport BeachMore Info
949-724-1000

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