Downtown Riverside Development
For Sale
$690,000
3071 Market, Riverside, CA 92501
Entitled residential development site in Downtown Riverside.
Property SizeContact for details
Days on Market134
Property Features for 3071 Market
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
HEBRON EQUITIES INC.
(626) 864-1598
Listed By:
YONG GAO · License #01409769
(626) 864-1598
Source:
Elliman
Added: Apr 15
Changed: Aug 8
Last Checked: Jul 16 at 10:46AM
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 HEBRON EQUITIES INC.
Investment Insights
Based on property information with market context.
Located in Downtown Riverside, this infill development parcel is positioned at the corner of Market Street and 1st Street. The site is near the Mission Inn, Riverside Metrolink, retail options, restaurants, and civic buildings. Currently vacant land, it features an entitlement map approved for the construction of 4 condo units, each with an area of approximately 1,800 to 2,300 square feet. The property is zoned C3-Downtown specific plan—Gateway District, and presents a ready-to-develop opportunity within a growing urban core. There is strong resale demand for new construction townhome and condo products. The site offers an accelerated timeline to construction with embedded execution and time value. The location has a bike score of 48, indicating it is somewhat bikeable, a walk score of 32, indicating car-dependent, and a transit score of 20, indicating minimal transit. Strong Riverside housing demand.
Key Highlights
- Fully entitled for a 4‑unit residential development, reducing entitlement risk and accelerating construction.
- Prime downtown Riverside location near the Mission Inn, Metrolink, retail, restaurants, and civic buildings.
- Projected exit pricing of approximately $850,000 per unit, indicating strong resale potential.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,100
Businesses Nearby
Explore this area
Business Placement
Demographics for 92501, CA
22,017
Population
7,488
Households
2.9
Avg Household Size
35
Median Age
18%
College-Educated
81%
High-School Grad
5.6 sq mi
ZIP Area
3,932
Density / Sq Mi
$83,027
Median Household Income
$41,780
Median Earnings
$1,615
Median Rent
$466,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Entitled residential development site in Downtown Riverside.
Where is this residential land & home lot located?
The property is located at 3071 Market Riverside, CA.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Fully entitled for a 4‑unit residential development, reducing entitlement risk and accelerating construction.; Prime downtown Riverside location near the Mission Inn, Metrolink, retail, restaurants, and civic buildings.; Projected exit pricing of approximately $850,000 per unit, indicating strong resale potential.
