$3,498,000

NEAR RTI PLANS FOR 102 APARTMENTS (SEE OM in Supplements) 7509 Arlington Avenue presents a rare development opportunity in Riverside, California. This flat vacant land parcel spans approximately 3.51 acres (152,896 square feet) and is zoned C-2, offering flexibility for various commercial and residential uses. The site features a concrete pad from a previously demolished structure and a paved area near the southern boundary, with the remainder consisting of unpaved ground covered in dirt, grass, weeds, and some trees. Identified by Riverside County APN 155-290-017-4, the property is primed for redevelopment. Strategically located along Arlington Avenue, the site benefits from strong visibility and accessibility. Adjacent uses include vacant land and a storm channel to the north, Econo Firestone and Tire to the east, Arlington Plaza Shopping Center and CubeSmart Self Storage to the south, and a restaurant and building at 7591 Arlington Avenue to the west. Within 0.5 miles, residents and visitors have convenient access to major fast food options such as In-N-Out, Taco Bell, Jack in the Box, McDonald's, Del Taco, Wendy's, Burger King, Wienerschnitzel, Carl's Jr., Chick-fil-A, and Panda Express. Shopping destinations include Walmart Supercenter, Stater Bros., Cardenas, Arlington Plaza, Arlington Square Shopping Center, and Galleria at Tyler. Additional nearby amenities encompass Riverside Regional Airport, Downtown Riverside Metrolink Station, and a Mobil gas station. The property includes near-ready-to-issue plans for a 102-unit apartment building, originally approved in 2019, requiring only resubmission to the city. Per 2019 city correspondence, the lot allows for up to 139 units. Riverside offers a blend of small-town charm and urban growth, with roots in the citrus industry and landmarks like the Mission Inn. Home to UC Riverside and California Baptist University, the city provides a vibrant educational environment, diverse economy in healthcare and education, and outdoor recreation at sites like Mt. Rubidoux and Norco Hills. Accessibility is enhanced by proximity to freeways 91, 60, and 215, connecting to Los Angeles (about 60 miles west), Orange County beaches, and mountains. Future developments, including the Riverside Adventure Center, signal ongoing growth in housing, retail, and amenities.