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Divine Fog Realty San Diego
sandiegoadmin@divinefogrealty.com$ 3,675,000
Est. payment | /mo
44.8 Acres Lot
$ 3,675,000
Est. payment | /mo
44.8 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25163720
HOA Y/N No
Lot Size 44.800 Acres
Property Description
The subject property is a ±44.8 acre development site located on Norco Drive between Norconian Drive and Hamner Avenue in the city of Norco, CA. Located in central Norco, this site on the south side of Norco Drive just two blocks to the west of the I-15 freeway.
The site is composed of three individual parcels, which are as follows:
Parcel 1 (APN #130-240-021): Parcel 1 fronts Norco Drive (±535' of frontage) and wraps around Beacon Hill Church. This parcel is approximately 7.20 acres in size and is zoned CG – Commercial General. This site is included as part of the City of Norco's Housing Development Overlay which allows residential densities of up to 30 du/acre.
Parcel 2 (APN #130-240-022): Parcel 2 is basically the larger part of Beacon Hill and has quite a bit of steep topography. This parcel is approximately 25.36 acres in size and is zoned CG – Commercial General. There are two cell phone towers located on this parcel that are both owned by third parties.
Parcel 3 (APN #130-240-023): Parcel 3 fronts Norconian Drive (±1,087' of frontage) at the western edge of the property. This parcel is approximately 12.23 acres in size and is zoned A-1-20 (Agriculture Low Density Residential 20,000 SF lots). This site is included as part of the City of Norco's Housing Development Overlay which allows residential densities of up to 30 du/acre.
Housing Development Overlay: The Housing Development Overlay (HDO) Zone is intended to facilitate and encourage the development of affordable housing within the city of Norco. According to the HDO, residential development may include the development of single-family homes, multifamily homes, condominiums, townhomes, courtyard housing and other similar forms of housing and shall be developed at a density of 20 to 30 dwelling units per acre.
The site is composed of three individual parcels, which are as follows:
Parcel 1 (APN #130-240-021): Parcel 1 fronts Norco Drive (±535' of frontage) and wraps around Beacon Hill Church. This parcel is approximately 7.20 acres in size and is zoned CG – Commercial General. This site is included as part of the City of Norco's Housing Development Overlay which allows residential densities of up to 30 du/acre.
Parcel 2 (APN #130-240-022): Parcel 2 is basically the larger part of Beacon Hill and has quite a bit of steep topography. This parcel is approximately 25.36 acres in size and is zoned CG – Commercial General. There are two cell phone towers located on this parcel that are both owned by third parties.
Parcel 3 (APN #130-240-023): Parcel 3 fronts Norconian Drive (±1,087' of frontage) at the western edge of the property. This parcel is approximately 12.23 acres in size and is zoned A-1-20 (Agriculture Low Density Residential 20,000 SF lots). This site is included as part of the City of Norco's Housing Development Overlay which allows residential densities of up to 30 du/acre.
Housing Development Overlay: The Housing Development Overlay (HDO) Zone is intended to facilitate and encourage the development of affordable housing within the city of Norco. According to the HDO, residential development may include the development of single-family homes, multifamily homes, condominiums, townhomes, courtyard housing and other similar forms of housing and shall be developed at a density of 20 to 30 dwelling units per acre.
Location
State CA
County Riverside
Area 250 - Norco
Zoning HDO
Interior
Fireplace No
Exterior
Community Features Foothills
View Y/N Yes
View Neighborhood, Panoramic
Building
Lot Description Value In Land
Water Public
New Construction No
Others
Senior Community No
Tax ID 130240021
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Matthew Wenzel Marcus & Millichap matthew.wenzel@marcusmillichap.com
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "