* * * * Land development opportunity located in the booming city of Corona, CA. Currently being conditionally used as a Church, the almost 3 acres is zoned R-3 Multi-Family allowing for up to 82 units. The parcel is located only a few blocks from the 91 FWY, and minutes from Interstate 15. Tentative Tract Map # 37314 underway with city planning department, proposing 48 Townhouses with the potential to generate lucrative cap rates. In addition plans have been proposed to build 82 apartment units, adding even more possibilities for the site. Adjacent to an elementary school, and an already existing apartment complex, it makes sense for this site to live up to its full potential. Several residential projects have been completed in the area. Investors started cash flowing with greater than expected interest from buyers/tenants. A development opportunity like this is definitely worth some consideration. Come VIEW and make an OFFER TODAY * * * *
Vacant landProperty Type
2.82 acresLot Size
$1,595,745Price/Acres
Listed by Jeffrey Nyal•DRE #01373556• Coldwell Banker Home Source
Contact: 7608877779
Bought with Thomas Doyle•DRE #01166180• Thomas Doyle Real Estate
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Permits
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Vacant Land
County
Riverside County
APN
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Apr 9, 2023.
R3
Multiple-Family Residential
The R-3 Multiple-Family Residential Zone is intended as a residential district for single family dwellings, duplexes and multiple-family residences. Except as specifically provided elsewhere in this title, any and every building and premises or land in an R-3 zone shall be used for or occupied and every building shall be erected, constructed, established, altered, enlarged, maintained, moved into and within the R-3 zone exclusively and only in accordance with the regulations set forth in this chapter.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Healthcare
Housing-Single unit
Housing-Multiple units
Housing-Student
Housing-Other
Recreation
Agriculture-Cropland
Agriculture-Grove / orchard / vineyard
Park & open space
Apr 9, 2027 • Active
Demolition
Work on a demolition.
Demolition
Oct 26, 2026 • Active
Utility maintenance blanket
Gas
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Exterior
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Size Dimensions: 276' x 437' x 286' x 406
Lot Features: Paved
Topography: Level
Property Information
Parcel Number: 103200088
Has View
Utilities
Utilities Information
Sewer: Public Sewer
Water Available, Sewer Available, Telephone - In Street, Natural Gas Available, Sewer Connected, Cable Available, Electricity Available
Water Source: District/Public
Location
Neighborhood Information
Community Features: Gutters, Curbs
Location Information
Latitude: 33.87225600
Longitude: -117.60144600
Directions: Interstate 15 N to 91 Fwy. W on 91 Fwy to Exit 6th St. 6th St E to Paseo Grande. Paseo Grande S to Via Del Rio. Via Del Rio E to PIQ Cross Street: Paseo Grande.
Road Surface Type: Paved
Zoning Description: Residential 3
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Vacant Land
Year Built: —
Year Renovated: —
County: Riverside County
APN: —
Home facts updated by county records on Apr 9, 2023
Other
Listing Information
IDX Contact Info: 7608877779
Days Active in MLS: 1,907
Continuous Days Active in MLS: 1,907
Listing Agent Information
List Agent First Name: Jeffrey
List Agent Last Name: Nyal
Listing Office Information
List Office Name: Coldwell Banker Home Source
Selling Agent Information
Buyer Agent First Name: Thomas
Buyer Agent Last Name: Doyle
Selling Office Information
Buyer Office Name: Thomas Doyle Real Estate
Around this home
Schools
Coronita Elementary School
Public K-6 • Assigned • 0.1mi
4/10
Letha Raney Intermediate School
Public 6-8 • Assigned • 1.3mi
4/10
Corona High School
Public 9-12 • Assigned • 0.8mi
6/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
6/10 Fire Factor
14% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 100° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
9/10 Air Factor
19 unhealthy days expected this year, 23 days in 30 years
Provided by First Street
Historical weather
Corona, CA • 92882
Average low and high temperatures (°F)
64
48
67
49
70
50
69
49
74
53
80
57
83
59
88
65
84
62
78
55
68
49
67
47
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.8 hours in
June and 6.9 hours in December, placing it above the
U.S. average for solar exposure.
9.8 hrs
6.9 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$4.47M – $5.42M
Sell confidently with a local market expert in Corona.