1362 W 6th Street, Corona, CA 92882

$4,600,000
List Price
$4,600,000
Status
ACTIVE
MLS#
PW19219512
Lot Size
178,596
Acres
4.1
Lot Location
31-35 Units/Acre, Value In Land
Days on Market
38
Property Type
Land

Property Description

The subject property is a 4.1 acre development site located at 1362 W. 6th Street in the city of Corona. The site is currently operating as Edwards RV & Storage with 14 RV tenants on short term leases, 150 RV storage spaces, a duplex and an office. Access to the site is from the north on 6th Street over an easement provided by a neighboring parcel. The south side of the property provides for 343' of frontage along Smith Avenue although this side of the site is currently fenced in. This site is very well maintained and is composed of two separate parcels as indicated in the following grid. Zoning on this site is R3 Residential and the General Plan Land Use Designation is HDR High Density Residential. Density allowed in this zone is up to a maximum of 36 dwelling units per acre. Height limits will be 3 stories or 40 feet maximum height and this zoning classification allows for 60% site coverage. This site is also located in one of the newly created federally designated Qualified Opportunity Zones. Opportunity Zones offer significant tax incentives to prospective buyers (Qualified Opportunity Funds) in an effort to spur development in certain areas.

Additional Information

Lot Description
Suburban
View
Neighborhood
Sewer
Public Sewer
Water
Public

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Matthew Wenzel from Marcus & Millichap

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.