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3496 Commerce St
Riverside, CA 92507
Land For Sale
·
0.20 AC
Investment Highlights
- Newly rezoned to Residential R3 within an active redevelopment district.
- City-planned street, curb, and gutter upgrades to improve area infrastructure.
- Transitional neighborhood benefiting from city-led revitalization efforts.
- Former commercial and industrial zoning offers flexible historical context for future planning.
- Strong opportunity for higher-density residential development.
- Owner will carry, providing attractive seller-financing options.
Executive Summary
The property’s prior commercial and industrial designations add versatility for concept planning, giving developers a wider lens through which to consider density, layout, and product type under the updated R3 framework. With the city actively guiding redevelopment in this district, early movers stand to benefit from strengthening demand, improving surroundings, and long-term appreciation. Seller financing provides additional flexibility, allowing more creative deal structures for qualified buyers and making this an accessible entry point into a high-potential redevelopment zone.
Property Facts
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.20 AC |
| Property Type | Land | Year Built | 1928 |
| Property Subtype | Commercial | Opportunity Zone |
Yes
|
| Zoning | R3 - Multi-Family Residential | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.20 AC |
| Year Built | 1928 |
| Opportunity Zone |
Yes |
| Zoning | R3 - Multi-Family Residential |
1 Lot Available
Lot
| Price | $683,457 CAD | Lot Size | 0.20 AC |
| Price Per AC | $3,417,283.37 CAD |
| Price | $683,457 CAD |
| Price Per AC | $3,417,283.37 CAD |
| Lot Size | 0.20 AC |
Recently rezoned to R3 in an active redevelopment area with planned city infrastructure upgrades. Ideal for higher-density residential development. Buyer to verify details. Owner will carry.
Description
This parcel has recently been rezoned to Residential R3 as part of the city’s broader redevelopment vision for the former packing house district. Previously designated for commercial or industrial use, the site now benefits from updated residential zoning that supports higher-density opportunities. The city has planned improvements for new streets, curbs, and gutters throughout the area, further enhancing long-term development potential. Buyers are encouraged to verify all details and future plans with the city planning department. Seller financing is available, and the owner is willing to carry.
