Land - 0 Lakeview Avenue, Nuevo/Lakeview, CA

$984,900

0 Lakeview Avenue, Nuevo/Lakeview, CA

0 Lakeview Avenue, Nuevo/Lakeview, CA 92567 - $984,900 · Land for Sale, photo 3

0 Lakeview Avenue, Nuevo/Lakeview, CA 92567 - $984,900 · Land for Sale, photo 4

0 Lakeview Avenue, Nuevo/Lakeview, CA 92567 - $984,900 · Land for Sale, photo 5

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Description

Outstanding development opportunity in the high growth city of Nuevo! This lot is almost 4 Acres of flat land, neighboring single family homes and properties of residential use. Zoned R-1 with potential to build a single family homes subdivision community. There was a previously submitted proposal to the Riverside County Planning Department to subdivide each parcel to approximately 20,000 SF to then build residential housing. The average price for new construction homes in the area are selling at $290/PSF or $550k. TIMES that by the amount of lots to be subdivided to equal your gross potential market value. The property is located near the 215 freeway, Ramona Expressway, Lake Perris, and Diamond Valley Lake. Don’t miss this great opportunity!

Property details

Property type

Land

Lot size

166,399 sqft

Location

0 Lakeview Avenue • Nuevo/Lakeview, CA 92567

More homes for sale and rent in Nuevo/Lakeview, CA →

Listed by

Chris Flores · F7 Realty

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Closed sales reported in 92567, nearest first, last 12 months. All recent sales in Nuevo/Lakeview →