Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    220 W Big Springs Rd Riverside, CA 92507

    For Sale
    $1,400,000

    Corner lot near UCR with development plans for apartment complex.

    Lot size:
    0.60 Acres

    Property Features for 220 W Big Springs Rd

    General Information

    Lot size
    0.60 Acres

    Building Details

    Year built
    1977

    Source: CAPITIS REAL ESTATE Agent Jill Huntsinger

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Corner Lot Development Opportunity

    This is an opportunity to develop a prime corner lot located 350 ft from the entrance to the University of California Riverside. The value is in the land and the existing development plans. The location offers high visibility and is situated in an area with a mix of high-density, commercial/light industrial, and single-family structures. It is also close to a Riverside Transit Stop. Full plans have been drawn for a 15-door, 55-bed, 42,834 sq ft, two-story, three-level apartment complex with a parking garage. The mixed units consist of 3-4 bedrooms and 3-4 bathrooms with two living areas. Most units are 4 bedrooms with 3 baths, making them suitable for student housing. The property is steps away from shopping, the college, health food stores, and places of worship. It is suitable for all R3 zoning uses. The existing building was previously an elementary school.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.3161235
    Latitude
    33.9754486

    Nearby Similar for Sale

    • $765,000
      2,145 SF

      Riverside Quadruplex with Turnkey Units

      Four units in a great location with owner occupant potential.
      3311 Lime St, Riverside, CA 92501
      View Details
    • $1,489,000
      3,600 SF

      Commercial Duplex with Workshop/Garage

      Updated duplex with workshop, ideal for industrial commercial business.
      3112 1St St, Riverside, CA 92507
      View Details
    • $1,100,000
      Pending

      Newly Built Triplex Investment Opportunity

      Three units on one lot, perfect for long-term investment.
      1993 Marlborough Ave, Riverside, CA 92507
      View Details
    • $1,799,000
      7,340 SF

      Riverside Multifamily Property with Garages

      Eight-unit multifamily property in Riverside with garages and on-site storage.
      3771 Harvill Ln, Riverside, CA 92503
      View Details
    • $1,100,000
      2,470 SF

      Riverside Triplex: Turn-Key Investment

      Remodeled triplex near universities, offering strong rental income.
      6800 Arlington Ave, Riverside, CA 92504
      View Details
    • $2,300,000
      6,056 SF

      Five Houses on 1.95 Acres

      Five houses in Riverside with income potential on 1.95 acres.
      17305 Sage Ave, Riverside, CA 92504
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot near UCR with development plans for apartment complex.
    Where is this commercial land located?
    The property is located at 220 W Big Springs Rd Riverside, CA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Prime corner lot location, only 350 ft from the entrance to University of California Riverside.; - Full architectural plans included for a 15-unit, 55-bed apartment complex with parking garage.; - Approved for high-density R3 zoning uses.
    (951) 202-4449
    Request Owner's contact information
    220 W Big Springs Rd Riverside, CA 92507
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    220 W Big Springs Rd
    Riverside, CA 92507
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    220 W Big Springs Rd Riverside, CA 92507
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.