Riverside Land for Residential
For Sale
Contact for pricing
600 Central Ave mailing only, Riverside, CA 92507
20.45 AC land parcel suitable for residential development.
Property SizeContact for details
Lot Size20.45 Acres
Days on Market715
Property Features for 600 Central Ave mailing only
General Information
Standard status
Active
Lot size
20.45 Acres
Property subtype
Land
Zoning
R1-8500
Listing Agency:
Smoke Tree Commercial
(949) 667-0322
Listed By:
Gregg Cochran · License #01135909
Source:
Crexi
Added: Aug 27, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:13AM
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 Smoke Tree Commercial
Investment Insights
Based on property information with market context.
Two adjacent parcels of land, totaling 20.45 acres, are available for sale in Riverside, CA, presenting a development opportunity. The land is currently planted with avocados and has access to city water and electricity. Zoned R1-8500, the property allows for single-family homes, with an estimated yield of 70-73 homes. Similar zoning in the area has permitted higher-density housing like apartments and condominiums. The city has indicated the possibility of obtaining a higher density zoning modification. The property is bordered by existing higher-density housing on two sides, with Sycamore Canyon Park, a dedicated open space, on the third and fourth sides. Its location offers proximity to Central Ave, Canyon Crest, and the University of California Riverside (UCR). Nearby resales of homes and condos have ranged from $600,000 to $1,300,000, and new construction executive-style homes in the area are priced at $1,500,000 or higher. The owner can utilize income generated from the avocado harvest, estimated to net approximately $100,000 per year. As the property is currently used for agriculture, water and property taxes are calculated using AG use, allowing for lower operating costs until development begins.
Key Highlights
- Large 20.45 AC parcel suitable for residential development with potential for 70‑73 single‑family homes.
- Potential for higher density zoning modification.
- Excellent location near Central Ave, Canyon Crest, and UCR.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
709
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?
Residential land & home lot - 20.45 AC land parcel suitable for residential development.
Where is this residential land & home lot located?
The property is located at 600 Central Ave mailing only Riverside, CA.
What is the asking price?
The asking price for this property is $6,339,000.
What are key features of this property?
This property features: Large 20.45 AC parcel suitable for residential development with potential for 70‑73 single‑family homes.; Potential for higher density zoning modification.; Excellent location near Central Ave, Canyon Crest, and UCR.
