3071 Market, Riverside, CA 92501
Riverside County
Key Facts
Description
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
Property Information
Property Type
Land
Lot Size
0.14 acres
Zoning
C3-Downtown specific plan
MLS® Listing#
WS26071273
Property Features
Fencing
Community
Water Source
Financial Details
HOA
None
Parcel Number
209194018
Directions
1 st & Market
Affordability Calculator
$138,000
Estimated monthly payment
$3,672/mo
Principal $552,000 · Est. interest $770,089 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Riverside, CA
- $753,608
- Median Listing Price
- 45
- Median Days on Market
- 2,143
- Median Sq Ft
- $372
- Median Price / Sq Ft
- 542
- Active Listings
- This home’s price is 8% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Riverside, CA.
Location
Points of Interest in Riverside, CA
Showing the Riverside area map.
Nearby Schools
Bryant Elementary School
Elementary · 0.4 mi away
Fremont Elementary School
Elementary · 0.8 mi away
Patricia Beatty Elementary
Elementary · 0.9 mi away
Riverside County Juvenile Court
Secondary · 0.9 mi away
CBK Charter
Secondary · 0.9 mi away
St Francis de Sales School
School · 0.9 mi away
The Fab School
School · 1.0 mi away
Grant Elementary School
Elementary · 1.0 mi away
Longfellow Elementary
Elementary · 1.0 mi away
Riverside Unified School District
Secondary · 1.1 mi away
River Springs Charter School
School · 1.3 mi away
Lincoln High School
Secondary · 1.3 mi away
Eden Lutheran School
School · 1.3 mi away
Riverside Student Center - Springs Charter Schools
Elementary · 1.4 mi away
Central Middle
Secondary · 1.5 mi away
RCC Auto Club
School · 1.5 mi away
John W North High School
Secondary · 1.6 mi away
Socal Supermoto
School · 1.6 mi away
Ina Arbuckle Elementary School
Elementary · 1.9 mi away
Emerson Elementary
Elementary · 2.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 0 RUBIDOUX Boulevard, Riverside, CA | $489,000 | — | — | — |
| 10863 Hole, Riverside, CA | $498,800 | — | — | 1,800 |
| 5110 Caldera Court, Riverside, CA | $499,000 | 3 | 2 | 1,036 |
| 5050 Canyon Crest 18, Riverside, CA | $499,000 | 2 | 3 | 1,300 |
| 5050 Canyon Crest, Riverside, CA | $499,000 | 2 | 3 | 1,300 |
| 451 Iowa Avenue, Riverside, CA | $499,000 | — | — | 1,345 |
Moving Cost Estimate
EXIT Agents in Riverside
Listing Courtesy: HEBRON EQUITIES INC. - 626-864-1598
Presented by: YONG GAO
Licensed in the state of California.