Lakeview, Nuevo/lakeview CA 92567 | $999,900
Outstanding opportunity for Investors & Builders looking for zoned Residential land! This lot is almost 4 Acres of flat land; neighboring single family homes and properties of residential use. Zoned R-1 with potential to subdivide the vacant lot to build a single family homes community! There was a previously submitted proposal to the Riverside County Planning Department that would 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 $250/PSF or $550k. TIMES that by the amount of lots to be subdivided to equal your gross potential market value. Dont miss this great opportunity!
