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$ 2,450,000
Est. payment | /mo
2.79 Acres Lot
$ 2,450,000
Est. payment | /mo
2.79 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID IG25249203
Lot Size 2.786 Acres
Property Sub-Type Lots/Land
Property Description
Rare 2.5-acre Redlands development opportunity: two adjoining parcels on W Lugonia Ave offered together this 1.64-acre R-2 (Multiple-Family Residential) parcel and an adjoining 0.89-acre R-1 parcel (MLS# IG25249115) with an existing 3-bedroom, 2-bath home plus a 1-bedroom, 1-bath detached ADU. R-2 zoning permits multiple-family and two-family dwellings plus licensed community care facilities development potential for apartments, townhomes, condominiums, or assisted living, subject to City of Redlands approval. Current R-2 density standards (2,9004,150 sf of lot area per unit) support an estimated 1724 units on the land parcel alone, with potential for more if both parcels are unified under R-2 via a General Plan Amendment buyer/developer to confirm exact unit count and entitlement path with the City. Positioned on Redlands' fastest-growing residential corridor: Liberty Lane Apartments (80 units) is under construction at the adjacent Lugonia Ave & Texas St corner, a 16,000-sf grocery store is approved two blocks away at 1005 W. Lugonia Ave, and a Whole Foods-anchored shopping center (70,200 sf) is approved at Lugonia Ave & Tennessee St, opening 2028. Nearby approved projects include Casa Loma Apartments (147 units, three stories) and Lugonia Village (523 units, including 72 for-sale condominium townhomes). Flat, level topography; public water available. Total price of $2,450,000 includes both parcels; seller financing may be available. Buyer to independently verify zoning, density, and utility capacity with the City of Redlands.
Location
State CA
County San Bernardino
Direction South side of Lugonia Ave between New York and Texas, next to Home Depot
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 0169021110000
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Virtual Tour https://www.wellcomemat.com/video/56b83f99721b1mdi0/W-Lugonia/
Listed by Michelle Hardesty, DRE#01796974 Berkshire Hathaway Homeservices California Realty
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