23.3 Acres in Norco, CA

10-13 Buildable Acres (The Remaining Acreage is Unbanked Mitigation Land)
379 North Drive, Norco, Ca. 92860 APN 153-020-010

This parcel has great views of the San Antonio mountain range to the north west, the Santa Ana River with lush lower flood planes along the river creating a forever natural habitat, city lights and sunset views looking west and remarkable views of the San Gorgonio Mountains to the east. This parcel sits high above the Santa Ana River with vast westerly views along a ridge line of approximately 1100 feet presenting a great feeling of openness.

The current zoning is A-E (Agricultural Estate) which has allowances for conditional use permits for a large variety of uses, and many of the surrounding parcels have assorted commercial zoning.

The property currently has an existing 5 bedroom 4 bathroom home with approximately 5476 square feet, an attached 4 car garage, an outdoor kitchen, and Koi pond with a bridge. There are several additional structures on the property that are used for property caretakers and to support the events. There are also approximately 20 horse stables along with corrals. The owner currently operates a wedding ceremony and reception business on the property. They also have an event building that is approximately 3000 square feet. They have had events with up to 1200 guests.

The best use for this property may be senior care, either as a retirement village or a 24 hour care/acute care facility. The existing residence could be used as a social building, staff support and offices. The 4 car garage can be used for maintenance support. The wedding event building could be used as a recreational building. A pool could be added depending on the activity level of the residents. The parcel has numerous mature trees, some of which could be incorporated into the new plan. Some, or all, of the existing structures could be removed as per a developer’s new plan. Norco is know as Horse Town USA. Many of the residents have larger properties with a variety of animals.

This location has a very large population base within a 25 mile radius to attract customers. The property currently has an exclusive listing with an MLS exclusion, and can be shown by appointment, please do not disturb occupants, buyer to verify all.

Sales Price is $400k per gross buildable acre (upper level property lines). Possible expansion to 17-24 acres.

Seller has approx 12 months of events on the books, but will close escrow prior to 12 months with occupancy until early 2021.

Presented By
Joe Elrod
DRE 00795490
Realty Source

760-723-2320 Office
949-412-0952 Cell