Log In/Sign Up
Your email has been sent.
1550 University Ave
Riverside, CA 92507
Student Housing Development Opportunity (UCR) · Land For Sale
·
1.03 AC
Investment Highlights
- Lot Size: Approximately 1.03 acres (APN: 253-020-012) providing flexibility for ground-up retail or mixed-use development
- Located in a high-traffic urban corridor adjacent to UC Riverside and within minutes of Downtown Riverside, delivering strong consumer demand drivers.
- Frontage and visibility along a well-traveled arterial corridor.
- Zoning: CR-SP (Commercial Retail – Specific Plan), permitting a broad range of commercial and retail uses
- Immediate freeway access via the 60 Fwy enhances connectivity to the Inland Empire and Southern California markets.
Executive Summary
1550 University Avenue presents a rare opportunity to acquire a vacant commercial land parcel in one of Riverside’s most active urban corridors. The approximately 1.03-acre site is positioned along University Avenue, a highly traveled thoroughfare serving UC Riverside and the surrounding neighborhoods. The property benefits from frontage and visibility near established retail, dining, and service uses, while remaining within minutes of Downtown Riverside.
Zoned for mixed-use university-oriented development, the site supports a wide range of potential commercial and mixed-use concepts, subject to city approvals. Public utilities are available in the area, and the parcel is surrounded by existing sidewalks and roadway infrastructure. The location’s proximity to UC Riverside provides a consistent demand driver and long-term development relevance. This offering is well suited for investors, developers, or owner-users seeking an infill land opportunity in a supply-constrained submarket of Riverside.
Zoned for mixed-use university-oriented development, the site supports a wide range of potential commercial and mixed-use concepts, subject to city approvals. Public utilities are available in the area, and the parcel is surrounded by existing sidewalks and roadway infrastructure. The location’s proximity to UC Riverside provides a consistent demand driver and long-term development relevance. This offering is well suited for investors, developers, or owner-users seeking an infill land opportunity in a supply-constrained submarket of Riverside.
Property Facts
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.03 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | M-U University SP - Mixed Used - University SP | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.03 AC |
| Opportunity Zone |
Yes |
| Zoning | M-U University SP - Mixed Used - University SP |
1 Lot Available
Lot
| Price | $5,534,200 CAD | Lot Size | 1.03 AC |
| Price Per AC | $5,373,009.89 CAD |
| Price | $5,534,200 CAD |
| Price Per AC | $5,373,009.89 CAD |
| Lot Size | 1.03 AC |
1550 University Avenue is a 1.03-acre parcel (approximately 44,867 SF)
Description
1550 University Avenue is a 1.03-acre parcel (approximately 44,867 SF) strategically located along a major arterial in Riverside, California. The property lies within a designated Commercial Retail/Specific Plan (CR-SP) zone
Property Taxes
| Parcel Number | 253-020-012 | Improvements Assessment | $0 CAD |
| Land Assessment | $2,290,726 CAD | Total Assessment | $2,290,726 CAD |
Property Taxes
Parcel Number
253-020-012
Land Assessment
$2,290,726 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,290,726 CAD
1 of 23
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
