Residential Lot 3071 Market St Lot | Résidentiel | 0,06 ha | À vendre | 604 592 € | Riverside, CA 92501

This fully entitled, approved plan infill development parcel is located in the heart of Downtown Riverside at the corner of Market Street and 1st Street. The site benefits from its proximity to the Mission Inn, Riverside Metrolink station, retail, dining, and civic buildings, creating a walkable and highly connected environment. The property is approved for a 4-unit residential development, with each unit ranging from approximately 1,800 to 2,300 square feet, offering a near shovel-ready opportunity for builders and investors.
The entitlement process has been completed under the C3-Downtown Specific Plan—Gateway District zoning, significantly reducing development risk and accelerating the timeline to construction. With strong demand for new townhome and condo products in Riverside, this project offers meaningful time-value advantages and a clear path to execution. Projected exit pricing of approximately $850,000 per unit underscores the potential for attractive returns in a market with sustained housing demand.