4700 Dewey Ave
Riverside, CA 92506

2.98 Acres
The Subject Property includes two parcels totaling 2.98 acres. The two parcels encompass the entire southern block of Palm Avenue and Dewey Avenue fronting the railroad tracks. There are single family residences surrounding the nearly 3 acres and this long strip of vacant land is one of the last remaining large lots within this neighborhood. The property is zoned R1-7000 and measures approximately 1,291± feet long by 100± feet wide. The parcels are located three blocks west of all major stores, entertainment, shops and restaurants, some of which include Ralphs, Rite Aid, Wells Fargo Bank, Vons, Nordstrom Rack and Regal Cinemas. At a list price of $600,000 this property equates to $4.61/SF or approximately $200,000 per acre. Considering the lack of buildable land in this well-developed area, the property is an affordably priced development project for a local investor or developer.
  • Neighborhood: Magnolia Center
  • Days on Movoto: 375
  • Year Built:
  • HOA: $0 HOA
  • $/Sqft:
  • Lot: 2.98 Acres
  • Property Type: Land
  • MLS#: GD16103001
  • MLS:
  • Listing Office: Keller Williams R. E. Services
  • Listed By: Krikor Garabedian
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Property History

Status
Date
Price
Active Under Contract
Oct 18, 2016
Price Change
Sep 30, 2016
$550,000
Listed
May 14, 2016
$600,000
#GD16103001

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YOU
ARE
HERE
4700 Dewey Ave
  • $550,000
  • DELISTED

    375 days

  • — Bd
  • — Ba
  • —/Sqft
  • 2.98 Acres Lot
  • Built —
This land house is located at 4700 Dewey Ave. It was last listed. 4700 Dewey Ave is located in the Magnolia Center neighborhood in the Riverside Unified School District. The closest school is Sierra Middle School.

4700 Dewey Ave, Riverside CA, 92506 was on the market for 375 days. The median days on the market for properties in this area is 39 with a median list price of $450,000 and median cost per square foot of $221. Its current status is removed under the MLS #GD16103001.

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