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    1717 Via Del Rio Corona, CA 92882

    Sponsored
    For Sale
    $6,000,000

    Prime 2.8-acre R-3 site, 82 units permitted.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.8-acre development site in Corona, CA, presents a lucrative investment opportunity. Located at 1717 Via Del Rio Ave (APN 103-200-088), this R-3 zoned property offers the potential to construct up to 82 residential units. Currently, a tentative tract map (37314) is underway with the city planning department, proposing a 48-unit townhouse development with strong projected cap rates. Previous plans also envisioned an 82-unit apartment complex, showcasing the site's versatility. The property's strategic location, just blocks from the 91 Freeway and minutes from Interstate 15, ensures excellent accessibility. Its proximity to an elementary school and an existing apartment complex further enhances its desirability. The area boasts several recently completed residential projects, demonstrating strong market demand and investor interest. All utilities are adjacent to the site, simplifying development. This high-density parcel is a rare find in this thriving market, offering significant potential for substantial returns. The asking price is $6,000,000. Don't miss this chance to capitalize on this prime development opportunity in Corona, CA, zip code 92882.

    Property Features for 1717 Via Del Rio

    General Information

    Property type
    Land
    Lot Size
    121,968 SF

    Building Details

    Units
    82

    HighLights

    • Rare high‑density development parcel.
    • 80+ apartment or 48+ home development potential.
    • Utilities readily available.
    • Entitlements in progress, design flexibility remains.
    Property Profile Location Intelligence

    Current Use by Public Records

    Iglesia Reformada La ... Reformed Church Iglesia de Jesucristo ... Religious Destination

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.6014461
    Latitude
    33.872256

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    FAQs

    What type of property is this?
    Land - Prime 2.8-acre R-3 site, 82 units permitted.
    Where is this land located?
    The property is located at 1717 Via Del Rio Corona, CA.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: Rare high-density development parcel.; 80+ apartment or 48+ home development potential.; Utilities readily available.
    (760) 242-6059
    Request Owner's contact information
    1717 Via Del Rio Corona, CA 92882
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    Corona, CA 92882
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1717 Via Del Rio Corona, CA 92882
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