Prime Corner Lot Near
For Sale
$1,300,000
220 W Big Springs Road, Riverside, CA 92507
Development opportunity near University of California Riverside with approved plans.
Property Size5,109 SF
Lot Size0.60 Acres
Price / SF$254.45
Days on Market482
Property Features for 220 W Big Springs Road
General Information
Standard status
Active
Size
5,109 SF
Lot size
0.60 Acres
Property subtype
Commercial
Building Details
Year Built
1977
Listing Agency:
CAPITIS REAL ESTATE
(909) 792-3925
Listed By:
JILL HUNTSINGER
(760) 834-7500
Source:
Corcoran
Added: May 17, 2025
Changed: Jul 6
Last Checked: Sep 9 at 9:24AM
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 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.
Key Highlights
- 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.
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
Questions? Ask Rey
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Frequently Asked Questions
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 $1,300,000.
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.
