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Investment Highlights

  • Two residential-zoned parcels within Riverside city limits.
  • Utilities (sewer, water, electric) available from the street.
  • Ideal for single-family or small multifamily development.
  • Smaller lot offers flat topography and superior buildability.
  • Located near schools, retail, and the 91 Freeway.
  • Strong local housing demand and population growth.

Executive Summary

This offering presents two adjacent parcels providing a unique opportunity for developers and investors to secure land in a growing market. Both parcels are well-positioned with access to key transportation routes, ensuring connectivity to surrounding business districts and residential communities. The sites offer flexibility for a range of potential uses, supported by nearby utilities and infrastructure. With continued regional growth and strong demand for mixed-use and commercial development, these parcels represent a compelling acquisition for those seeking long-term value. Whether for immediate development or land banking, this property delivers a strategic location with future upside potential.

Property Facts

Price $1,506,681 - $3,287,304 CAD
Sale Type Investment
No. Lots 2
Property Type Land
Property Subtype Residential
Proposed Use Single Family Development
Total Lot Size 45.33 AC
Zoning Y-04 - Residential Land

2 Lots Available

Lot

Price $1,506,681 CAD
Price Per AC $49,448.01 CAD
Lot Size 30.47 AC

Vacant lot offering development potential with convenient access to major roadways and nearby commercial amenities.

Lot

Price $1,780,623 CAD
Price Per AC $119,826.58 CAD
Lot Size 14.86 AC

Open land suitable for a variety of uses, positioned near established infrastructure and growing residential areas.

Description

The combined parcels create a versatile landholding in a desirable area with excellent accessibility. Located near major thoroughfares, the property benefits from proximity to retail, dining, and essential services, making it suitable for commercial, residential, or mixed-use projects. The surrounding area is experiencing steady growth, supported by expanding neighborhoods and increasing consumer demand. Infrastructure and utility access further enhance the development potential of these parcels. This property offers a rare opportunity to establish a presence in a dynamic market, with the flexibility to accommodate a variety of project types.

Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 141-270-017
  • 141-270-018
Land Assessment
$141,488 CAD
Improvements Assessment
$0 CAD
Total Assessment
$141,488 CAD
  • Listing ID: 29577373

  • Date on Market: 2023-09-21

  • Last Updated:

  • Address: Collett Avenue and Pierce Street, Riverside, CA 92505

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