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Listed by Chris Flores • F7 Realty
$ 984,900
Est. payment /mo
Active
0 Lakeview Avenue Nuevo/lakeview, CA 92567
3.82 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW-26000085
Lot Size 3.820 Acres
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Outstanding development opportunity in the high growth city of Nuevo! This lot is almost 4 Acres of flat land, neighboring single family homes and properties of residential use. Zoned R-1 with potential to build a single family homes subdivision community. There was a previously submitted proposal to the Riverside County Planning Department to 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 $290/PSF or $550k. TIMES that by the amount of lots to be subdivided to equal your gross potential market value. The property is located near the 215 freeway, Ramona Expressway, Lake Perris, and Diamond Valley Lake. 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