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$ 1,550,000
Est. payment | /mo
0.39 Acres Lot
$ 1,550,000
Est. payment | /mo
0.39 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL26659313
HOA Y/N No
Lot Size 0.388 Acres
Acres 0.39
Property Sub-Type Unimproved Land
Property Description
211 Olive Residences Ready-To-Issue Multifamily Development Site | 15 Units | Downtown Redlands, CA 92373Offered at $1,550,000. This is a fully entitled development opportunity in the heart of Downtown Redlands. The entitlement work is complete. The project consists of 15 market-rate residential units across two structures totaling 22,277 square feet. Eleven apartments occupy a three-story main building. Four ADUs occupy a separate detached structure. The unit mix is three one-bedroom, seven two-bedroom, one three-bedroom, and four ADUs. Plans were designed by Gary Miller, AIA of Miller Architectural Corporation .All design disciplines are fully coordinated and approved. Architectural, structural, civil, mechanical, electrical, plumbing, fire, life safety, and landscape. The site is 0.39 acres and carries an AB 2097 parking exemption due to its proximity to the Redlands Arrow Metrolink station. On-site parking is provided. Downtown Redlands is a proven submarket. The University of Redlands drives consistent rental demand. Orange Street Alley and State Street anchor a walkable retail and dining corridor. The Arrow Line connects residents to the broader Metrolink network. Fully entitled multifamily sites in Downtown Redlands rarely come to market. This submarket offers immediate ac
Location
State CA
County San Bernardino
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 0171281300000
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Listed by Oscar Diaz • Marcus & Millichap
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Patrick Nagel
REALTOR® | Lic# 1760790