3361 Hamner AveNorco, CA 92860

  • Land
  • 1.78 AC
For Sale
$3,950,000 View listing

Property Details for 3361 Hamner Ave

Lot size
1.78 AC
Zone code
C3
Property type
Land
Property subtype
Commercial land
APN
127-020-032
APU
127020032

Description

This exceptional 1.78-acre commercial development site in Norco, CA (APN 127-020-032), is zoned C-3 - Heavy Commercial, offering significant potential. Strategically located off Interstate 15, this corner lot presents a compelling opportunity for various uses. Previously entitled for a 90-room Holiday Inn Express & Suites, complete architectural drawings are available upon request, making this a truly "shovel-ready" project. The City of Norco is actively seeking development in this area, and potential city incentives may be available, including negotiable permit fees, to facilitate project completion. This site represents a unique chance to capitalize on a pre-approved project with a major franchise already on board and ready to proceed. The seller will provide comprehensive documentation, including detailed drawings, upon execution of a purchase agreement. This prime location offers a rare combination of convenience, zoning flexibility, and potential for substantial returns. Don't miss this exceptional opportunity to acquire a fully entitled development site in a thriving California market.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $24,391,786
    Hospitality
    $22,342,746
    Educational
    $18,588,902
    Medical
    $19,228,202
    Retail
    $28,916,070
3361 Hamner Ave, Norco, California
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Location Insight

City
Norco
County
Riverside
State
California
Latitude
33.9306
Longitude
-117.557
CBSA code
40140
CBSA name
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$21,259
$1,914,965
-
$1,914,965
-
-
-
-

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