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1120 E 1st St 4.5 Acres of Commercial Land Offered at $1,496,000 in Beaumont, CA 92223
INVESTMENT HIGHLIGHTS
- Last major corner parcel on established commercial corridor
- Walking distance to major retail generating proven traffic
- Strong demographics: $105K+ median income
- Signalized intersection with dedicated turn lanes
- Adjacent to largest industrial development in submarket
- Flexible seller: will consider carry
EXECUTIVE SUMMARY
4.50-acre signalized corner development site with Transit-Oriented District (TOD) overlay permitting 100+ uses by-right. Hard corner location at E. 1st Street and Pennsylvania Avenue, positioned 0.33 miles from future I-10 interchange (fully funded, construction 2026). Community Commercial base zoning with TOD overlay eliminates density restrictions for multi-family and mixed-use development. Level, pad-ready site with all utilities available.
MARKET OVERVIEW: Beaumont represents Riverside County's fastest-growing submarket with population of 55,000+ and median household income of $105,164. Market catalysts include 622-acre Beaumont Pointe industrial development (5.0M SF, 5,400 jobs, $1.5B value) and 23 million SF of industrial in planning pipeline. City investing $130M+ in infrastructure including two new freeway interchanges and downtown revitalization. Regional draw from I-10/SR-60 junction serving daily traffic counts exceeding 150,000 vehicles.
DEVELOPMENT OPPORTUNITY: TOD overlay permits maximum flexibility: ground-floor retail with residential above, standalone multi-family without density caps, medical office complexes, hospitality, traditional retail formats. Site configuration supports 40,000-60,000 SF retail footprint or 150+ multi-family units. By-right uses include retail, restaurants, banks, hotels, professional offices, medical facilities, urgent care, multi-family residential, senior housing, mixed-use projects. Conditional uses include drive-through facilities, gas stations, self-storage.
MARKET OVERVIEW: Beaumont represents Riverside County's fastest-growing submarket with population of 55,000+ and median household income of $105,164. Market catalysts include 622-acre Beaumont Pointe industrial development (5.0M SF, 5,400 jobs, $1.5B value) and 23 million SF of industrial in planning pipeline. City investing $130M+ in infrastructure including two new freeway interchanges and downtown revitalization. Regional draw from I-10/SR-60 junction serving daily traffic counts exceeding 150,000 vehicles.
DEVELOPMENT OPPORTUNITY: TOD overlay permits maximum flexibility: ground-floor retail with residential above, standalone multi-family without density caps, medical office complexes, hospitality, traditional retail formats. Site configuration supports 40,000-60,000 SF retail footprint or 150+ multi-family units. By-right uses include retail, restaurants, banks, hotels, professional offices, medical facilities, urgent care, multi-family residential, senior housing, mixed-use projects. Conditional uses include drive-through facilities, gas stations, self-storage.
PROPERTY FACTS
| Price | $1,496,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 4.50 AC |
| Property Type | Land | ||
| Zoning | M-L - Community Commercial | ||
| Price | $1,496,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 4.50 AC |
| Zoning | M-L - Community Commercial |
1 LOT AVAILABLE
Lot
| Price | $1,496,000 | Lot Size | 4.50 AC |
| Price Per AC | $332,444.44 |
| Price | $1,496,000 |
| Price Per AC | $332,444.44 |
| Lot Size | 4.50 AC |
DESCRIPTION
Signalized intersection commanding regional visibility along E. 1st Street commercial corridor. Site benefits from proximity to established power center anchored by Walmart, Kohl's, and Best Buy. Strategic position between future Pennsylvania Avenue I-10 interchange ($79.3M project) and Potrero Boulevard interchange creates superior access. Located at convergence of I-10, SR-60, and Highway 79 in Beaumont's primary commercial district.
PROPERTY TAXES
| Parcel Number | 418-250-008 | Improvements Assessment | $0 |
| Land Assessment | $485,381 | Total Assessment | $485,381 |
PROPERTY TAXES
Parcel Number
418-250-008
Land Assessment
$485,381
Improvements Assessment
$0
Total Assessment
$485,381
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1120 E 1st St
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