0 Iris Ave, Riverside, CA 92504

Tremendous infill property in the path of development, and located in the prestigious and equestrian friendly community of Woodcrest with easy access to either the 91 or 215 Freeway. Woodcrest is a suburb of the City of Riverside with a rural feel and highly rated public and private schools. The property consists of three parcels (APNs: 245-270-003, 245-270-005 & 245-250-022). The site is contiguous to 140 acres currently proposed for 232 residential lots and an additional 60 acres that is listed for $6,000,000 ($100,000 per acre). Approximately 20 acres fairly flat with 10 acres mountainous. Great opportunity for an investment, ranch, custom homes or entitle into multiple residential lots to compliment the adjacent proposed development. Several new home communities within a close proximity, such as the Vistas at Mockingbird Canyon that are listed as high as $1,488,000 for homes on minimum 1 acre lots. Phenomenal value buy.