Property Details
About this Property
Infill development parcel located in Downtown Riverside, positioned on the corner of Market Street and 1st Street. Close to Mission Inn, Riverside Metrolink, retail, restaurants, and civic buildings. The site is currently vacant land with an entitlement map approved for 4 condo units, offering a ready-to-develop opportunity in a growing urban core. Zoning: C3-Downtown specific plan— Gateway District. • Fully entitled 4-unit residential development with ~1,800 – 2,300 SF per unit • Strong resale demand for new construction townhome/condo product • Projected exit pricing of approximately $850,000 per unit • Meaningful time-value premium due to reduced entitlement risk • Approved density • Small project = faster execution • Strong Riverside housing demand This is a near shovel-ready, entitled residential development site offering: • Accelerated timeline to construction • Embedded execution and time value
MLS Listing Information
MLS #
CRWS26071273
MLS Source
California Regional MLS
Days on Site
5
Lots & Land Information
Fencing
None
Parking, School, and Other Information
Water
Other
HOA Fee
$0
Zoning
D1
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
3071 Market is in Riverside, CA 92501. This Land is currently priced at $690,000. This address can also be written as 3071 Market, Riverside, CA 92501.
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This listing information is up-to-date as of April 10, 2026. For the most current information, please contact YONG GAO, (626) 864-1598
