5
See all 5 photos
Listed by Chris Flores • F7 Realty
$999,900
Est. payment /mo
3.82 Acres Lot
Active
0 Lakeview Avenue Nuevo/lakeview, CA 92567
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW-24220209
Lot Size 3.820 Acres
Property Description
Outstanding opportunity for Investors & Builders looking for zoned Residential land! This lot is almost 4 Acres of flat land; neighboring single family homes and properties of residential use. Zoned R-1 with potential to subdivide the vacant lot to build a single family homes community! There was a previously submitted proposal to the Riverside County Planning Department that would subdivide each parcel to approximately 20,000 SF to then build residential housing. The average price for new construction homes in the area are selling at $250/PSF or $550k. TIMES that by the amount of lots to be subdivided to equal your gross potential market value. Don't miss this great opportunity!
Location
State CA
County Riverside
Zoning R-1
Exterior
Community Features Street Lights
View Y/N No
View None
Building
Lot Description 2-5 Units/Acre