$4,600,000
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4.1 Acres Lot
SOLD DATE : 12/16/2019
Key Details
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW19219512
Sold Date 12/16/19
HOA Y/N No
Lot Size 4.100 Acres
Property Description
The subject property is a 4.1 acre development site located at 1362 W. 6th Street in the city of Corona. The site is currently operating as Edwards RV & Storage with 14 RV tenants on short term leases, 150 RV storage spaces, a duplex and an office.
Access to the site is from the north on 6th Street over an easement provided by a neighboring parcel. The south side of the property provides for 343' of frontage along Smith Avenue although this side of the site is currently fenced in. This site is very well maintained and is composed of two separate parcels as indicated in the following grid.
Zoning on this site is R3 Residential and the General Plan Land Use Designation is HDR High Density Residential. Density allowed in this zone is up to a maximum of 36 dwelling units per acre. Height limits will be 3 stories or 40 feet maximum height and this zoning classification allows for 60% site coverage.
This site is also located in one of the newly created federally designated Qualified Opportunity Zones. Opportunity Zones offer significant tax incentives to prospective buyers (Qualified Opportunity Funds) in an effort to spur development in certain areas.
Location
State CA
County Riverside
Area 248 - Corona
Zoning R-3
Interior
Fireplace No
Exterior
Community Features Suburban
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Building
Lot Description 31-35 Units/Acre, Value In Land
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 110030015
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Matthew Wenzel • Marcus & Millichap