1165 Olive St Colton, CA 92324

Property Details for 1165 Olive St

Year built

1964

Lot size

3.30 lot acres

Property size

1,408 SF

Property type

Mixed-use properties

Description

This exceptional 3.3-acre mixed-use property at 1165 W Olive Street, Colton, CA, presents a remarkable development opportunity. The site includes a 1,408 square foot existing home, offering immediate income potential or redevelopment options. Zoning approvals provide significant flexibility for various projects, including the potential construction of up to 18 single-family residences, a church, or an adult day care facility. The property's versatility makes it ideal for a mixed-use development catering to the area's growing needs. Its prime location in Colton offers easy access to essential amenities, including nearby dining, retail, and business establishments, as well as Arrowhead Hospital and local schools. Commuters will appreciate the convenient proximity to the 10 and 210 freeways. The area is experiencing significant growth, with several new single-family residential projects underway, indicating a strong and active market. The property's proximity to the Yamawa Casino Resort and the San Bernardino Orange Show further enhances its appeal and potential for increased value. The level topography simplifies development, minimizing site preparation costs and accelerating project timelines. This is a rare opportunity to acquire a substantial parcel of land in a thriving location with considerable upside potential. The property is offered at $1,390,000.