Price Reduced Listing4.58-Acre Residential Development Opportunity | Banning, CA Excellent opportunity to acquire approximately 4.58 acres of residential land within the City of Banning's Butterfield Specific Plan. Designated Low Density Residential (LDR), the property offers potential for detached single-family residential development, with densities of up to approximately 5 dwelling units per acre. Based solely on gross acreage and maximum density, the site could theoretically accommodate up to approximately 22 residential units, subject to City approval and applicable development requirements. The Specific Plan may also allow qualifying age-restricted or "active adult" residential development, providing an additional concept for builders and developers to explore. Located within a master-planned growth area of Banning, this ±4.58-acre parcel (APN 534-093-014) presents an attractive opportunity for builders, developers, and investors seeking residential development potential. Buyer and buyer's representatives are advised to independently verify zoning, density, permitted uses, utilities, access, development standards, subdivision feasibility, fees, and all other requirements with the City of Banning and applicable agencies.
| MLS | IV26190055 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 49 |
| Listing Provided By | ARREBA | RENE JIMENEZ |
| Acreage | 4.58 |
|---|---|
| Property View | Yes |
| Lot Features | Lot Over40000Sqft |
|---|
| Community Features | Storm Drains |
|---|
| State | CA |
|---|---|
| County | Riverside |
| City | Banning |
| Zip Code | 92220 |
| Area | 263 Banning | Beaumont | Cherry Valley |
| Community Name | Unknown |
| Listing VS Median (in Unknown) | |
Price: $498,000 low | high Med: $529,900 On site: 49 low | high Med: 14 | |
| State | CA |
|---|---|
| County | Riverside |
| City | Banning |
| Zip Code | 92220 |
| Area | 263 Banning | Beaumont | Cherry Valley |
| Community Name | Unknown |
| Listing VS Median (in Unknown) | |
Price: $498,000 low | high Med: $529,900 On site: 49 low | high Med: 14 | |