Riverside, CA 92501 4779 TEQUESQUITE Avenue
$6,750,000
5 more
Presented By: Filip Niculete with Marcus & Millichap;
Home Details
We are pleased to present 4779 Tequesquite Avenue located at the edge of Downtown Riverside, California. This large 2.76 acre lot is being offered for sale for the first time in 18 years, and it is one of the last remaining vacant lots in Riverside zoned for multi-residential development.According to our research, this R-3 zoned lot will allow a developer to build 80 market-rate apartment units (or 80 for-sale condos) using the "by-right" zoning, or a developer can take advantage of the state's density bonus and build a maximum of 122 units. If you utilize this density bonus, at least 15% of the units will need to be restricted to affordable housing, which means you can build 103 market-rate units with 19 affordable units.The lot is in a very desirable part of Riverside, nestled next to a beautiful mountain range, and within walking distance of hiking trails that lead up to the famous Mount Rubidoux Park. The lot is only 1 mile away from the center of downtown Riverside and less than 4 miles from the UC Riverside campus.
Presented By: Filip Niculete with Marcus & Millichap;
Interior Features for 4779 TEQUESQUITE Avenue
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Street SuffixAvenue
General for 4779 TEQUESQUITE Avenue
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityRiverside
CountyRiverside
Days on Market469
DirectionsTequesquite & San Andreas
Garage Y/NNo
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet120226.0
MLS Area252 - Riverside
MobileHomeRemainsYNNo
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeLand
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameTEQUESQUITE
ViewNone
View Y/NNo
Waterfront Y/NNo
Exterior for 4779 TEQUESQUITE Avenue
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres2.76
Lot Size Area120226.0
Lot Size UnitsSquareFeet
Open Parking Y/NNo
SpaNo
Total Parking0.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480