Land in Riverside, CA — Sale in Riverside, CA
- Price: $7M
- Listing type: For sale
- Asset type: Business
- Location: Riverside, CA 92505
Photos
Description
57 Townhome Land Development in Prime Riverside CBRE is pleased to exclusively present 3907 Polk Street, a fully entitled townhome land development opportunity with grading completed and all remaining construction permits Ready to Issue (RTI), located in the desirable La Sierra neighborhood of Riverside, CA. The project is positioned to deliver 57 premium townhome residences across eight buildings and seven parcels totaling ±2.95 acres (±128,502 SF), offering an incoming developer a clear and immediate path to vertical construction. Property Highlights The approved plans yield ±69,498 net rentable square feet of residential dwelling space across a 2-bedroom/2-bathroom unit mix — 51 standard units at ±1,218 SF and six accessible units at ±1,230 SF — with a total average unit size of ±1,219 SF. Every residence includes a private covered balcony and a dedicated 2-car garage, with 57 total garages and 114 garage spaces across the site. The development is designed to deliver contemporary, high-quality townhomes with premium fixtures and fully equipped kitchens with state-of-the-art appliances. Strategic Location & Connectivity 3907 Polk Street offers exceptional connectivity and proximity to key market drivers. Residents will benefit from walking-distance access to the Kaiser Permanente Riverside Medical Center and strong regional mobility via the 91 Freeway for direct travel to Orange County and broader Southern California, with additional access to the 15, 60, and 215 Freeways connecting to all major employment corridors. The Metrolink La Sierra Train Station is nearby, providing direct rail access to Los Angeles Union Station and the greater regional transit network. Thriving Economy & Top Employers The City of Riverside is a premier market defined by strong economic fundamentals and persistent housing demand, supported by an average household income of $88,575 within the trade area. The region is anchored by major employers across Healthcare, Education, and Gov
Market Context
This commercial property in Riverside, CA is listed for sale at $6,950,000. Compare it against other commercial property listings for sale in Riverside, CA — view the full market.
Contact
- Eric Chen · 909 418 2071 · eric.chen@cbre.com
- Blake Torgerson · 909 418 2074 · blake.torgerson@cbre.com
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