Center Street
Riverside, CA 92501
1.17 acres | #CV25055103
Description
We are pleased to present the opportunity to acquire land for multi-family development or possibly light industrial with a variance in Riverside, California. The property is 1.17 acres and is located at the south-east corner of Center Street and Placentia Lane. The site is triangular in shape and has more than 200 feet of frontage on both Center Street and Placentia Lane. According to the Riverside Northside Specific Plan, the land use designation for this site is medium high density and the zoning is R-3-3000. The site can be developed at a density up to fourteen dwelling units per acre. (Build 16 units on 1.17 acres, buyer to verify). With density bonuses permitted under state law, the residential density may exceed fourteen units per acre, buyer to verify. Northside is a rapidly expanding neighborhood in the City of Riverside. The community is conveniently located at the busy intersection of three major freeways, California 91, California 60, and the Interstate 215. The City of Riverside has a vision for the Northside neighborhood to grow into a healthy and well-balanced community that celebrates the region’s history and promotes recreational activities. New developments within a two-mile radius of the subject property include the Northside Village Center and the Trujillo Adobe Heritage Village. Both sites provide a mixture of new residential units, office space, restaurants, community service providers and retail opportunities. Known as the Inland Empire, the Riverside-San Bernardino metro is a 28,000-square-mile region in Southern California composed of San Bernardino and Riverside counties. The metro contains a population of 4.6 million. The largest city is Riverside with more than 324,100 residents and the population has increased over 22 percent since 2000, while being forecasted to grow 2.3 percent over the next five years. Within a five-mile radius of the subject property, the average household income is $77,944 and the population is nearly 250,000.
Property Details
- Lot DescriptionElevenToFifteenUnitsAcre
- MLS #CV25055103
- MLS #CV25055103
- ViewMountains
- CountyRiverside
- Property TypePurchase
- Original List Price$457,000
- Utility SourcePublic
- Cost457000
- Acres1.17
- Property SubtypeLand
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: David Covarrubias (#CV35544)
Listing Office: MARCUS & MILLICHAP (#1417)

Interested in Purchasing Center Street?
Get an estimate on monthly payments on this property.
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.