$690,000

3071 Market, Riverside CA, 92501

Price per sqft$113.15

Lot size0.14 Acres

Property typeLand

Listed by YONG GAO CA DRE# 01409769 with HEBRON EQUITIES INC. 626-864-1598

Overview

Active

Listed Apr 10, 2026

Updated Aug 23

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

Additional information

MLS^® ID: WS26071273

Exterior Features

Lot Size: 0.14 Acres

Other Property Details

55+/Senior Community: No

Listed by YONG GAO CA DRE# 01409769 with HEBRON EQUITIES INC. 626-864-1598

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/23/2026. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/23/2026 at 5:03 AM UTC Last Checked: 5:03 AM UTC