28.89 Acres in Norco, CA

14 - 17 Buildable Acres (The Remaining Acreage is Unbanked Mitigation Land)
379 North Drive, Norco, Ca. 92860

APN 153-020-010 (23.3 Acres), APN 153-020-011 (1.46 Acres) and APN 153-090-001 (4.13 Acres)

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

 

Located between Los Angeles and Palm Springs this location has a very large population base to attract customers.

The current zoning is A-E (Agricultural Estate) on 2 parcels, and C2 on the third parcel. Buyer to entitle as per desired plan. Attached 3D Renderings are used as an example of the properties potential.

 

The property currently has an existing 5 bedroom 4 bathroom home with 5476 square feet, with an attached 4 car garage, an outdoor kitchen, and a Koi pond with a bridge. Plus a 3000 square foot event building with kitchen that is currently use by the owners for their wedding ceremony and reception business. This property has hosted events with up to 1200 guests. There are several additional structures that are used for property caretakers, to support the events, and for equestrian use.

 

The best use for this property may be senior care - either as a retirement village, assisted living and or acute care facility. The existing residence could be used for greeting guests and as a social building, in addition to being used for staff support and offices. The 4 car garage can be used for storage and as a maintenance shop. The wedding event building could be used as a recreational/events 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 surrounding properties sit on larger parcels with mixed use of residential equestrian and commercial.

 

The larger 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. Seller will approve contact with the city of Norco upon acceptance of an offer. The owners of the larger parcel hold an option to purchase the 4.13 acre parcel.

 

Sales Price is +$525k per gross buildable acre (upper level portion of the property).

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

Presented By
Joe Elrod
DRE 00795490
Realty Source

760-723-2320 Office

949-412-0952 Cell

ees444@aol.com