220 W Big Springs Road, Riverside, California 92507

$1,300,000

Property Type

Commercial Sale

Building Size

5,109 sqft

City

Riverside

Status

Active

PRICE IMPROVEMENT!!! Motivated SELLERS! Bring us your reasonable offers! What are you looking at? YES! IT'S OPPORTUNITY!!! This is your chance to develop a prime corner lot, 350 ft from the entrance to University of California Riverside. Value is in the land and THE PLANS. High visibility. Nice mix of High density, Commercial/Light Industrial and Single Family structures. Close to Riverside Transit Stop. Full plans have been drawn for a 15 door, 55 bed, 42,834 sq ft 2 story, 3 level apartment complex and parking garage. Mixed units consist of 3-4 bedrooms and 3-4 bathrooms with two living areas. Most are 4 bedrooms with 3 baths perfect for student housing. Just steps to shopping, College, Health food stores, and places of worship. Good for all R3 zoning uses. The existing building was an elementary school in the past. Remove it and build your Investment Opportunity!