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La Sierra & El Sobrante Rd

8.17 Acres of Commercial Land in Riverside, CA 92503

Investment Highlights

  • Corner Lot
  • Many Reports and Studies Completed
  • Also Potential for Retail Shopping Center
  • Over 23K CPD
  • Potential for Sel-Storage + RV/Boat Storage
  • Many New Homes in area

Executive Summary

Calling all Skilled Developers & Investors, this is a rare corner lot with a great Commercial Development Opportunity! This 8+ acre property is nestled in the middle of several under-served high-end residential communities such as the Prestigious Lake Hills Reserve, Lake Mathews, and Gated Victoria Grove Communities. In addition, Pulte Homes is just finishing up their 2023-2024 new built community known as the Estates at Highland Grove which involves over 260 brand new homes. This potential Commercial Development will have little-to NO COMPETITION as the surrounding communities are in dire need of local Retail Shopping Centers, with opposite corners belonging to county of Riverside and MWD. Both La Sierra Ave and El Sobrante Rd are major thoroughfares in this area of Riverside county and both produce heavy traffic with high visibility. Property is currently zoned W-2 which is controlled development use. Please see attached permitted uses in the Supplements. Some uses allowed via CUP Include: RV/Trailer Storage,Boat Storage, Mobile Home Park, Recreational Parks. Previous developer was in process for Self Storage Facility that was welcomed by the county of Riverside. Due Diligence Vault is available for qualified Buyers to potentially finish the entitlement or revert to another use.

Property Facts

Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Self Storage
Total Lot Size 8.17 AC

1 Lot Available

Lot

Lot Size 8.17 AC

8.17 Acres on the NEC La Sierra Ave and El Sobrante Rd that is prime for a Commercial development.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
270-190-017
Land Assessment
$640,796
Improvements Assessment
$0
Total Assessment
$640,796

zoning

Zoning Code W-2 (Controlled Development. Currently in process to be zone-changed to C-1/C-P (General Commercial))
W-2 (Controlled Development. Currently in process to be zone-changed to C-1/C-P (General Commercial))
  • Listing ID: 32374529

  • Date on Market: 7/8/2024

  • Last Updated:

  • Address: La Sierra & El Sobrante Rd, Riverside, CA 92503

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