Prime Corner Lot Near
For Sale
$1,300,000
220 W Big Springs Rd, Riverside, CA 92507
Development opportunity near University of California Riverside with approved plans.
Property Size42,834 SF
Lot Size0.60 Acres
Price / SF$30.35
Days on Market169
Property Features for 220 W Big Springs Rd
General Information
Standard status
Active
Size
42,834 SF
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: Mar 11
Changed: Jul 6
Last Checked: Aug 26 at 8:39AM
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 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.
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 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.
