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- LoopNet Team
Wells Road
Riverside, CA 92503
±1.34 Acre Medium Density Residential Site · Land For Sale
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1.34 AC
INVESTMENT HIGHLIGHTS
- ± 1.34 Acre Parcel of Medium Density Residential Land in a Great West Riverside Location
- General Plan Land Use is Medium Density Residential
- Demand for Residential Housing in Western Riverside Remains Very Strong
- Zoning on the Site is R-1-7000 allows for up to 6.2 du/acre
- Planned Residential Development (PRD) Permit would allow up to 8 du/acre (10 lots total)
PROPERTY FACTS
DESCRIPTION
Marcus & Millichap is pleased to offer for sale the ± 1.34 acre residential development site located on the south side of Wells Road one parcel east of Tyler Street in the Arlanza community of Riverside, California. The site is generally flat and rectangular in shape with 175’ of frontage along Wells Road. The property is zoned R-1-7000 residential which allows for up to 6.2 dwelling units per acre. The General Plan Land Use designation for this site is Medium Density Residential. The Medium Density Residential designation provides for the development of single-family homes, townhomes and row houses. This designation allows a maximum of 6.2 dwelling units per acre, or up to 8.0 dwelling units per acre when associated with a Planned Residential Development (PRD) permit. With a density of 6.2 du/acre, this site would support a project of 8 lots, with a density of 8 du/acre the project could be up to 10 lots. This site is located on the southern side of Wells Avenue, one parcel to the east of busy Tyler Street. The neighbor to the immediate west is the Tyler Plaza retail center and the neighbors directly across Wells Road include a church and a Montessori school. The majority of the remaining neighborhood surrounding the site is residential in nature.
PROPERTY TAXES
| Parcel Number | 147-252-038 | Improvements Assessment | $0 |
| Land Assessment | $483,786 | Total Assessment | $483,786 |
PROPERTY TAXES
