3071 Market, Riverside, CA 92501

Riverside
Local realty services provided by:ERA Carlile Realty Group
3071 Market,Riverside, CA 92501
$690,000
  • 0.14 Acres
  • Lots / Land
  • Active
Listed by: yong gao
Office: hebron equities inc.626-864-1598
MLS#:WS26071273
Source:CRMLS

Price summary

  • Price:$690,000

About this home

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

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Home facts

  • Listing ID #:WS26071273
  • Added:1 day(s) ago
  • Updated:April 10, 2026 at 09:34 PM

Structure and exterior

  • Lot area:0.14 Acres

Finances and disclosures

  • Price:$690,000
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