220 W Big Springs Road, Riverside, CA 92507

Building Details

Year Built

1977

Listing agent JILL HUNTSINGER

Listing office CAPITIS REAL ESTATE j***@yahoo.com Show Phone

Listing date May 17, 2025

Source Corcoran

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

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Overview

This corner lot, situated 350 ft from the entrance to the University of California Riverside, presents a development opportunity. The property, zoned R3, offers high visibility and is located in an area with a mix of high-density, commercial/light industrial, and single-family structures. It is also near a Riverside Transit Stop. Full plans have been drawn for a 15-door, 55-bed, 42,834 sq ft apartment complex with two stories and three levels, including a parking garage. The mixed units consist of 3-4 bedrooms and 3-4 bathrooms with two living areas. Most units feature 4 bedrooms and 3 baths, making them suitable for student housing. The location is steps away from shopping, the college, health food stores, and places of worship. The existing building, formerly an elementary school, can be removed to make way for a new investment opportunity. The property size is 5,109 sq ft.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

• Map
• Local Demand

City

Riverside

County

Riverside

State

California

Longitude

-117.316

Latitude

33.9754

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FAQs

What type of property is this?

Commercial land - Development opportunity near University of California Riverside with approved plans.

Where is this commercial land located?

The property is located at 220 W Big Springs Road 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 just 350 ft from the University of California Riverside entrance.; Full architectural plans included for a 15‑unit, 55‑bed apartment complex with parking garage.; Approved plans for a 42,834 sq ft, 2‑story, 3‑level building.