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Description

Rare ±2.5-acre Redlands development opportunity: two adjoining parcels on W Lugonia Ave offered together - this ±1.64-acre R-2 (Multiple-Family Residential) parcel and an adjoining ±0.89-acre R-1 parcel (MLS# IG25249115) with an existing 3-bedroom, 2-bath home plus a 1-bedroom, 1-bath detached ADU. R-2 zoning permits multiple-family and two-family dwellings plus licensed community care facilities - development potential for apartments, townhomes, condominiums, or assisted living, subject to City of Redlands approval. Current R-2 density standards (2,900-4,150 sf of lot area per unit) support an estimated 17-24 units on the land parcel alone, with potential for more if both parcels are unified under R-2 via a General Plan Amendment - buyer/developer to confirm exact unit count and entitlement path with the City. Positioned on Redlands' fastest-growing residential corridor: Liberty Lane Apartments (80 units) is under construction at the adjacent Lugonia Ave & Texas St corner, a 16,000-sf grocery store is approved two blocks away at 1005 W. Lugonia Ave, and a Whole Foods-anchored shopping center (70,200 sf) is approved at Lugonia Ave & Tennessee St, opening 2028. Nearby approved projects include Casa Loma Apartments (147 units, three stories) and Lugonia Village (523 units, including 72 for-sale condominium townhomes). Flat, level topography; public water available. Total price of $2,450,000 includes both parcels; seller financing may be available. Buyer to independently verify zoning, density, and utility capacity with the City of Redlands.

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MLS#: IG25249203
Listed By: Perrie Mundy -
BHHS PERRIE MUNDY REALTY GROUP - 9093070616- davecorey1@gmail.com