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3071 Market, Riverside, CA 92501

$690,000 Approx. USD 0 beds, 0 baths

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

YONG GAO | leogao2001@gmail.com
Lic#: 01409769
Broker: Courtesy of HEBRON EQUITIES INC.
Phone: 626-864-1598

Agent Remarks

Infill development parcel located in Downtown Riverside, positioned on the corner of Market Street and 1st Street. Close to Mission Inn, Riverside Metrolink, retail, restaurants, and civic buildings. The site is currently vacant land with an entitlement map approved for 4 condo units, offering a ready-to-develop opportunity in a growing urban core. Zoning: C3-Downtown specific plan— Gateway District. • Fully entitled 4-unit residential development with ~1,800 – 2,300 SF per unit • Strong resale demand for new construction townhome/condo product • Projected exit pricing of approximately $850,000 per unit • Meaningful time-value premium due to reduced entitlement risk • Approved density • Small project = faster execution • Strong Riverside housing demand This is a near shovel-ready, entitled residential development site offering: • Accelerated timeline to construction • Embedded execution and time value

Listing Details

Property type: (Lots/Land)

Status: Active

MLS# WS26071273

Price: $690,000

HOA Fee is $0.00

Beds: 0

Baths: 0

0.14 acres

Lot size: 0.1400

County: Riverside

Zoning: C3-Downtown specific plan

Lot description: TwoToFiveUnitsAcre

MLS area: 252 - Riverside

Last Updated: 4/10/2026

Days On Market (DOM): 67

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This listing belongs to the 252 - Riverside MLS area

Lat/Long: 33.989616, -117.371246.
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