Prime Corner Lot Development
For Sale
$1,300,000
220 W Big Springs Rd, Riverside, CA 92507
Corner lot near UCR with development plans for apartment complex.
Property SizeContact for details
Lot Size0.60 Acres
Days on Market269
Property Features for 220 W Big Springs Rd
General Information
Standard status
Active
Lot size
0.60 Acres
Property subtype
Commercial
Building Details
Year Built
1977
Listing Agency:
CAPITIS REAL ESTATE
(951) 202-4449
Listed By:
Jill Huntsinger
(951) 202-4449
Source:
Elliman
Added: Nov 27, 2025
Changed: Jul 6
Last Checked: Aug 23 at 8:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CAPITIS REAL ESTATE
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Explore this area
Business Placement
Demographics for 92507, CA
63,191
Population
19,739
Households
3.2
Avg Household Size
28
Median Age
32%
College-Educated
84%
High-School Grad
21.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$72,367
Median Household Income
$31,961
Median Earnings
$1,780
Median Rent
$503,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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 $1,300,000.
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.
