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Nason St & Brodiaea Ave - 17.97 Acre Medical Office/Residential Dev

17.97 Acres of Commercial Land in Moreno Valley, CA 92555

Executive Summary

• Rare 17.97 Acre Site Suitable for Medical Office
• Previously Entitled for over 300,000 SF of Medical Office Space & Skilled Nursing Facilities (Entitlements Expired 4/17/21)
• City has Indicated Support for Similar Medical Use Development
• Across the Street from the Riverside University Health System Medical Center, a Hospital That Employs 6,000 Workers and Has an Economic Impact of $1.6 Billion
• 1/2 mile to the Town Center at Moreno Valley - A Mixed Used Project With up to 800 Homes and 220,000 SF of Commercial Use, to Be Completed in 2025
• City of Moreno Valley Job Creation Exceeding 30,000 Over the Past 10 Years
• Nearby World Logistics Center (WLC), a 40.6 Million Square Foot Project That Will Provide a $2 Billion Annual Economic Benefit to the City
• An Additional 20,000 New Jobs Coming From the Recently Approved WLC Project That Is Scheduled to Break Ground in 2025
• Nearby the New Kaiser Medical Center Project, an Expansion Plan That Will Add 1,125,000 Square Feet of Medical Services and Create 4,000 New Jobs in the City

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Mixed Use
  • Apartment Units
  • Apartment Units - Senior
  • Medical
Total Lot Size 17.97 AC

1 Lot Available

Lot

Lot Size 17.97 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 486-290-036
  • 486-290-037
Land Assessment
$529,322
Improvements Assessment
$0
Total Assessment
$529,322

zoning

Zoning Code Office (O)
Office (O)
  • Listing ID: 31060761

  • Date on Market: 2/27/2024

  • Last Updated:

  • Address: Nason St & Brodiaea Ave, Moreno Valley, CA 92555

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