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Kitching St - 68 Home Development Opportunity
27 Acres of Commercial Land Offered at $3,000,000 in Moreno Valley, CA 92557
Investment Highlights
- located at the intersection of I-215 and SR-60
Executive Summary
Data Room Click Here to Access
Property Facts
| Price | $3,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 27.00 AC |
| Property Type | Land |
| Price | $3,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Single Family Development |
| Total Lot Size | 27.00 AC |
1 Lot Available
Lot
| Price | $3,000,000 | Lot Size | 27.00 AC |
| Price Per AC | $111,111 |
| Price | $3,000,000 |
| Price Per AC | $111,111 |
| Lot Size | 27.00 AC |
27 Acres of commercial land
Description
CBRE is proud to present the proposed 57-unit BTR development site on approximately 27 acres in the city of Moreno Valley, CA. The property previously had a tentative tract map approved for 57 homes. Over the past several years, Moreno Valley has seen explosive growth in industrial and manufacturing jobs, making the area a regional employment center. Moreno Valley is strategically located at the intersection of I-215 and SR-60, enabling same-day access to Northern California, Nevada, and Arizona. It is also served by March Inland Port Airport and Metrolink. Additionally, Moreno Valley is the second-largest city in Riverside County and 21st largest city in California. It is central to a population exceeding 2 million within a 20- mile trade area. The market is home to more than 260,000 households with strong average incomes surpassing $85,000. The daytime population is also booming, with major workforce expansions by Moreno Valley’s Fortune 500 and global corporations.
PROPERTY TAXES
| Parcel Number | 474-100-025 | Improvements Assessment | $0 |
| Land Assessment | $427,526 | Total Assessment | $427,526 |
PROPERTY TAXES
zoning
| Zoning Code | A1 (light agriculture) |
| A1 (light agriculture) |
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Manny Nunez -
Cray Carlson -
CBRE, Inc.
Presented by
Kitching St - 68 Home Development Opportunity
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