Banning, CA 92220,0 W Lincoln
$1,096,000
Est. payment /mo
$1,200,000
8.7%
Est.Price: ?

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9.26 Acres Lot
SOLD DATE : 12/09/2022

Key Details

Sold Price $1,096,000

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW22151267

Sold Date 12/09/22

HOA Y/N No

Lot Size 9.260 Acres

Acres 9.26

Property Description

Excellent development opportunity in a prime area of Banning. 14.26 acres (combined) of flat residential land. It is located at the south-east corner of Woodland Ave and Lincoln St. There are two parcels. Parcel APN 538-250-004 is 9.26 acres and parcel APN 538-261-001 is 5 acres. Zoning is low density residential (LDR). There was a tentative tract map (TTM) developed but not submitted for approval for building 57 homes. City planners have told the owners that the larger parcel is currently in consideration for changing to High Density with up to 20+ units allowed per acre. The buyers are responsible to perform their own investigation to confirm zoning, potential applications and access to utilities with the City and other governmental agencies. SOILS REPORT AND PROPOSED TENTATIVE TRACT MAP DONE A FEW YEARS AGO IS AVVAILABLE FOR REVIEW. LIsting agent has ownership interest in the subject property and one or more other owners are realtors.
Excellent development opportunity in a prime area of Banning. 14.26 acres (combined) of flat residential land. It is located at the south-east corner of Woodland Ave and Lincoln St. There are two parcels. Parcel APN 538-250-004 is 9.26 acres and parcel APN 538-261-001 is 5 acres. Zoning is low density residential (LDR). There was a tentative tract map (TTM) developed but not submitted for approval for building 57 homes. City planners have told the owners that the larger parcel is currently in consideration for changing to High Density with up to 20+ units allowed per acre. The buyers are responsible to perform their own investigation to confirm zoning, potential applications and access to utilities with the City and other governmental agencies. SOILS REPORT AND PROPOSED TENTATIVE TRACT MAP DONE A FEW YEARS AGO IS AVVAILABLE FOR REVIEW. LIsting agent has ownership interest in the subject property and one or more other owners are realtors.

Location

State CA

County Riverside

Area Riv Cty-Banning (92220)

Others

Acceptable Financing Cash

Listing Terms Cash

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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353

Our team is ready to help you sell your home for the highest possible price ASAP


San Diego Regional MLS (SDMLS)
Listed by Adarsh Saigal • Realty Pro 100
Bought with HUALI ZHU • IRN REALTY
agent-avatar

+1(858) 753-3353

kobezimmerman@bhhscalifornia.com

955 Orange Ave, Coronado, CA, 92118

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