3071 Market, Riverside, CA 92501
List Price: $690K
Listing Status: Active
0Days on Market: 133
0 Bedrooms · 0 Bathrooms
Property Type: Land
Lot Size: 6,098 sq ft
MLS Number: WS26071273
About This Property
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
Listing provided by: YONG GAO DRE #01409769 626-864-1598 leogao2001@gmail.com, HEBRON EQUITIES INC.
Source: CRMLS, MLS #: WS26071273
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.