Active

3071 Market

Riverside, CA 92501

$690,000 $2,909/Mo

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Overview

6,098

Sqft(Lot)

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-rea dy, entitled residential development site offering: • Accelerated timeline to construction • Embedded execution and time value

Property Details

Property Type : Land

Price : $690,000

AD Id : 76965208

MLS Id : WS26071273

Lot Size : 6,098 Sqft(Lot)

County : Riverside

Map

What's Nearby

Nearby Areas

Features

Fencing

None

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.14
Lot Size Source: Assessor Lot Size Square Feet: 6098

Listing Price Information

Original List Price: 690,000 Listing Contract Date: 2026-04-06
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 209194018

Other Property Info

Source Listing Status: Active Source Neighborhood: 252 - Riverside Directions: 1 st & Market Zoning: C3-Downtown specific plan Source Property Type: Land Area: 252 - Riverside

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
Indian Hill Road, Riverside, CA, 92501	$475,000	--	--	--	111,078 Sqft(Lot)

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ByOwner last updated this listing 06/05/2026 @ 13:25

MLS: WS26071273 LISTED BY: YONG GAO, HEBRON EQUITIES INC. 626-864-1598 SOURCE: CRMLS