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24454 Sunnymead Blvd
1.2 Acres of Commercial Land Offered at $2,900,000 in Moreno Valley, CA 92553
Property Facts
Price | $2,900,000 | Property Subtype | Commercial |
Sale Type | Investment | Proposed Use | Hotel |
No. Lots | 1 | Total Lot Size | 1.20 AC |
Property Type | Land | Opportunity Zone |
Yes
|
Price | $2,900,000 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | Hotel |
Total Lot Size | 1.20 AC |
Opportunity Zone |
Yes |
1 Lot Available
Lot
Price | $2,900,000 | Lot Size | 1.20 AC |
Price Per AC | $2,416,667 |
Price | $2,900,000 |
Price Per AC | $2,416,667 |
Lot Size | 1.20 AC |
HREC Investment Advisors is pleased to offer, to qualified investors, the opportunity to acquire the 1.21-acre land site situated at 24454 Sunnymead Blvd., Moreno Valley, CA 92553.
Description
The Extended Stay Hotel Development Site – Moreno Valley presents a compelling opportunity for prospective owners. The extended stay model is particularly attractive due to its low operational costs and high profit margins compared to traditional limited-service hotels. Currently, only 16% of branded hotels in Moreno Valley fall into the extended stay category, indicating significant room for growth and market share capture. The city’s dynamic and rapidly growing nature, coupled with its strategic location at the junction of SR-60 and I-215, further enhances its appeal. Moreno Valley is home to over 4,500 businesses, including many Fortune 500 and international companies, and offers a pro-business environment with competitive incentives for relocating or expanding businesses. The strong corporate demand in Moreno Valley is driven by the presence of major facilities operated by companies such as Target, Procter & Gamble, Amazon, ALDI, and Ross within a 5-mile radius. This concentration of large corporations creates a substantial need for extended-stay accommodations. Additionally, the diverse economic base of the city, which includes healthcare, education, and a growing e-commerce sector, further supports the demand for such properties. The proximity to major transportation hubs, such as Ontario International Airport, and easy access to major highways, along with the presence of March Air Force Reserve Base, make Moreno Valley an attractive location for business travelers and logistics operations. Beyond its corporate appeal, the city offers various recreational opportunities, cultural events, and historical sites, enhancing its overall attractiveness as a destination for both business and leisure travelers.
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $535,500 | |
Land Assessment | $612,000 | Total Assessment | $1,147,500 |
PROPERTY TAXES
zoning
Zoning Code | SP 204 VCR |
SP 204 VCR |
Presented by
24454 Sunnymead Blvd
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