4
See all 4 photos
$4,500,000
Est. payment /mo
4.47 Acres Lot
New
12667 Michigan Grand Terrace, CA 92313
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Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID IG26153709
Lot Size 4.470 Acres
Property Sub-Type Lots/Land
Property Description
Rare 4.47-acre, level and flat development site in a supply-constrained submarket with very little remaining undeveloped land in Grand Terrace. The parcel is rectangular in shape, with the exception of a small lot at the southwest corner that is not part of this offering. The site is currently zoned R-1, and the City has already taken the first step toward approving a zoning increase to R3-40. A second reading of the ordinance and a waiting period remain before the change becomes law, but the process is underway, positioning this as one of the few opportunities in Grand Terrace for a future multi-family project of meaningful scale. In addition to the raw land, the offering includes a leasehold interest in an approximately 4,100 SF masonry church building, built in 1967, that runs with the land. Public water and sewer, plus electricity, gas, cable, telephone, and irrigation, are already available at the site. Grand Terrace is a charming, low-rise bedroom community known for low crime and good schools, with easy freeway access and close proximity to Loma Linda, home to a major medical center and university. With upzoning to R3-40 in process, all utilities in place, and a leased improvement already on site, this parcel is a rare find for a developer, investor, or owner/user seeking to build multi-family housing. Buyer and buyer's agent to independently verify zoning, entitlement status, lot size, square footage, and all other facts material to this listing. Information is deemed reliable but not guaranteed.
Location
State CA
County San Bernardino
Direction Michigan St
Interior
Fireplace No
Exterior
Utilities Available Cable TV, Electric, Natural Gas, Telephone
View Y/N No
Others
Senior Community No
Tax ID 1167281010000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Joseph Catanzarite, DRE#02062568 AEGIS PROPERTIES INC
NEARBY SCHOOL & BUSINESS