Don't miss this unique opportunity to build a senior project of approximately 85 units or a residential infill project in one of the most desirable neighborhoods in the City of Riverside. This 5.27 acre parcel is currently designated R-1/13,000, however, with a Planned Residential Development Permit, the density may increase to 4.8 - 5.3 dwelling units per acre and either attached or detached product can be built. Immediately adjacent to this property on the north is an example of what can be approved with a Planned Residential Development Permit. At 5.3 du/acre would yield approximately 27 units. Buyer would need to secure entitlements from the City of Riverside. Call for copies of existing reports on file. The land is mostly flat.
|Lot Square Feet||≈ 229,561|
|Area||252 - Riverside|
|Listing Brokerage||Berkshire Hathaway HomeServices California Properties|
|Listing Agent||Reni Rose|
|Listing Agent BRE #||00975915|
Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, October 4, 2018.
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