220 W Big Springs Rd Riverside, CA 92507

Building Details

Year Built

1977

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

Listing date Mar 11, 2026

Source Elliman

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Investment Insights

Based on property information with market context.

This prime corner lot presents a development opportunity, situated 350 ft from the entrance to the University of California Riverside. The property's value lies in the land and the existing development plans. The location offers high visibility and is surrounded by a mix of high-density residential, commercial, light industrial, and single-family structures. It is also located close to a Riverside Transit Stop. Full plans have been drawn for a 15-door, 55-bed apartment complex spanning 42,834 sq ft across two stories and three levels, including a parking garage. The mixed units consist of 3-4 bedrooms and 3-4 bathrooms, each with two living areas. Most units feature 4 bedrooms and 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, 42,834 sq ft apartment complex with parking garage.
• Ideal for student housing development with a mix of 3‑4 bedroom units, most with 4 bedrooms and 3 baths.

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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 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, 42,834 sq ft apartment complex with parking garage.; Ideal for student housing development with a mix of 3‑4 bedroom units, most with 4 bedrooms and 3 baths.