NE Corner of Nuevo Rd. and Webster Ave. - Residential LAND FOR SALE


Perris, CA 92570 230,868 SF
$999,000 USD
617-285-2966
NE Corner of Nuevo Rd. and Webster Ave., Perris, CA for Sale
$999,000 USD
Residential LAND - FOR SALE
1/15
230,868 SF

NE Corner of Nuevo Rd. and Webster Ave.
Perris, CA 92570


HIGHLIGHTS

  • 1/2 mile from I-215
  • All utilities available, with sewer just 500 ft away
  • Opportunity zone for huge capital gains tax savings

OVERVIEW

OPPORTUNITY ZONE 1/2 mile from the I-215 interchange ALLOWS 60 UNITS PER ACRE! WATCH aerial video! 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!

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/ACRE

$188,491/AC

PRICE/SF

$4 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

5.3 Acres Opportunity Zone Mixed Use Land

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Commercial, Retail, Office, Mixed Use, Multi-Family, Apartment Units, Apartment Units - Condo, Apartment Units - Dorms, Apartment Units - Senior, Apartment Units - Subsdzd, Community Center, Distribution, Fast Food, Master Planned Community, Movie Theater, Office Park, Outlet Center, Planned Unit Development, Religious Facility, Retail Warehouse, Single Family Development, Storefront, Storefront Retail/Office, Strip Center, Supermarket, Theater/Concert Hall, Warehouse, Agricultural, Single Family Residence

LAND ACRES

5.3 AC

LAND SF

230,868 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets

ZONING

Mixed Use

APN/PARCEL ID

305-270-030,305-270-031,305-270-032

ASK ABOUT THIS PROPERTY

Marcus IbrahimeXp Realty of Greater Los Angeles, Inc.More Info
617-285-2966

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Marcus IbrahimeXp Realty of Greater Los Angeles, Inc.More Info
617-285-2966

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.