0 Lakeview Avenue, Nuevo/Lakeview, CA 92567
List Price: $985K
Listing Status: Active
0Days on Market: 201
0 Bedrooms · 0 Bathrooms
Property Type: Land
Lot Size: 166,399 sq ft
MLS Number: DW26000085
About This Property
Outstanding development opportunity in the high growth city of Nuevo! This lot is almost 4 Acres of flat land, neighboring single family homes and properties of residential use. Zoned R-1 with potential to build a single family homes subdivision community. There was a previously submitted proposal to the Riverside County Planning Department to subdivide each parcel to approximately 20,000 SF to then build residential housing. The average price for new construction homes in the area are selling at $290/PSF or $550k. TIMES that by the amount of lots to be subdivided to equal your gross potential market value. The property is located near the 215 freeway, Ramona Expressway, Lake Perris, and Diamond Valley Lake. Don’t miss this great opportunity!
Listing provided by: Chris Flores DRE #01874663 562-417-4859 chrisflores713@outlook.com, F7 Realty
Source: CRMLS, MLS #: DW26000085
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