0 Baths

$690,000

3071 Market, RIVERSIDE CA, 92501

Price per sqft$113.15

Lot size0.14 Acres

Property typeLand

Overview

Active

Listed Apr 6, 2026

Updated 8 days ago

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

Additional information

MLS^® ID: WS26071273MR

Exterior Features

Lot Size: 0.14 Acres

Listed by YONG GAO with HEBRON EQUITIES INC.
Listing Contact: 626-864-1598

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Data last updated 9/28/2026