24000 Nuevo RD, Perris, CA 92570 - MLS#CV25049455

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25049455

HOA Y/N No

Lot Size 5.300 Acres

Lot Dimensions Public Records

Property Description

OPPORTUNITY ZONE 1/2 mile from the I-215 interchange ALLOWS up to 60 UNITS PER ACRE! Aerial video coming soon! This is a timely opportunity for an investor or developer to acquire 5.3 acres in Riverside County land with Mixed-Use Zoning, bordering Perris. This is three contiguous parcels together 305-270-030, 305-270-031, 305-270-032 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 of employed persons is also increasing!

Riverside County is an incredible investment opportunity featuring proximity/access to three major interstates, the nation's busiest port system, Ontario Airport, UPS & FedEx Ground Hubs and BNSF. The area around Nuevo Road and Webster Avenue in Riverside County/Perris, CA is rapidly developing with major commercial and industrial projects. Nearby, the Perris Gateway Distribution Facility is under construction on 42 acres near I-215, set for completion by August 2025, bringing 855,330 sq ft of warehouse space and 27,000 sq ft of retail including Taco Bell, Starbucks, Shell, and Sonic. Infrastructure improvements are also underway, including an $8 million upgrade to Ramona Expressway and an expansion of the Perris–South Metrolink Station, adding a second platform and a 2.7-mile track upgrade. With these developments, the region continues to grow as a key logistics and business hub in Southern California. With the ideal zoning and location, this property is great for development or investment. Secure this Opportunity Zone land before it's gone!

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Zoning MU

Interior

Fireplace No

Exterior

Fence None

Community Features Biking,Rural,Suburban,Park

Utilities Available Electricity Available,Natural Gas Available,Sewer Available,Water Available

View Y/N Yes

View Mountain(s),Neighborhood,Panoramic

Present Use Unimproved

Building

Lot Description Corner Lot,Lot Over 40000 Sqft,Level,No Landscaping,Near Park,Over 40 Units/Acre,Rectangular Lot,Ranch,Rocks,Street Level,Trees,Value In Land

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 305270030

Acceptable Financing Cash,Cash to Existing Loan,Cash to New Loan,1031 Exchange

Listing Terms Cash,Cash to Existing Loan,Cash to New Loan,1031 Exchange

Special Listing Condition Standard

Virtual Tour https://youtu.be/GuQoj7y6v4E