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Listed by Marcus Ibrahim • eXp Realty of Greater Los Angeles
$ 600,000
Est. payment | /mo
96,703 SqFt
$ 600,000
Est. payment | /mo
96,703 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 96,703 sqft
Price per Sqft $6
MLS Listing ID CRCV25228685
HOA Y/N No
Lot Size 2.220 Acres
Property Sub-Type Unimproved Land
Source Datashare California Regional
Property Description
One of three contiguous parcels sold together or separately, this 2.22 acre parcel is on Nuevo Rd. just east of Webster Ave. and in an OPPORTUNITY ZONE 1/2 mile from the I-215 interchange which ALLOWS 60 UNITS PER ACRE! WATCH aerial video! This is a timely opportunity for an investor or developer to acquire land with Mixed-Use Zoning, bordering Perris, close to the I-215/CA-74 Freeways and Nuevo Road interchange with NO Mello Roos taxes and is exempt from capital gains taxes if held over 10 years. With water and power next door and sewer in the street in front of the 2nd neighboring parcel, this property is ripe for development. We are just down the street from Perris Plaza with Walmart, ALDI, Stater Bros, In-N-Out, Chick-Fil-A, Ross, Starbucks, Planet Fitness and so many other neighborhood amenities that make this area perfect for future residents and future growth. Permitted uses include residential, parks, restaurants, retail, medical offices, and professional services. With conditional approval, additional uses may include hotels, entertainment venues, convenience stores, mobile home parks, and more. Please see OM for a full list of permitted uses. The population of Perris across the street is increasing, income per capita is increasing, poverty is decreasing, and the number
Location
State CA
County Riverside
Interior
Fireplace No
Exterior
View Mountain(s), Panoramic, Other
Building
Lot Description Corner Lot, Level
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227