1550 University AveRiverside, CA 92507

Property Details for 1550 University Ave

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 1.03-acre (44,867 sq ft) land parcel at 1550 University Avenue in Riverside, California, presents a remarkable mixed-use development opportunity. Zoned MU - University SP, this site is ideally located less than one mile from the University of California, Riverside (UCR), ensuring high demand and strong potential for student housing. The property's mid-block location between Chicago and Iowa Avenues offers convenient access to SR-60 and SR-91 freeways, enhancing its appeal. A proposed eight-story development could incorporate four to five levels of apartments above two floors of commercial space, built over a podium structure. The ground floor would feature restaurant and retail spaces, complemented by three levels of subterranean parking. This location boasts proximity to freeways, shopping, and other amenities, making it an attractive investment. The scarcity of developable land in this area further underscores the value of this exceptional opportunity. The asking price for this prime development site is $2,800,000.

Location Insight

City

Riverside

County

Riverside

State

California

Latitude

33.9749

Longitude

-117.345

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.