175 G St - Shovel-Ready 37-Unit Residential Development 1.82 Acres of Commercial Land Offered at $3,000,000 in Perris, CA 92570

An exceptional opportunity to acquire approximately 1.82 acres (79,279 SF) of fully entitled residential development land in the rapidly growing City of Perris. The project has received approval for a 37-unit condominium development, consisting of thoughtfully designed attached condominium residences within the City's Urban Village district. The project was approved by the City of Perris Planning Commission under Tentative Tract Map 25-00010 (TTM-39378) and Development Plan Review 25-00008. This offering presents developers with a significant time and cost advantage, as substantial entitlement work has already been completed. The property is relatively flat, with environmental studies and geotechnical reports available. The Tentative Tract Map has been approved, sewer infrastructure has been installed and upsized by the City, and the grading permit is currently in process, allowing a developer to move efficiently toward construction. Ideally situated just one parcel east of Interstate 215, the site enjoys excellent freeway accessibility while remaining buffered from freeway noise. The property is within walking distance of the Perris-Downtown Metrolink Station, City Hall, medical facilities, shopping, restaurants, and other downtown amenities, making it an ideal location for future residential development. The surrounding area continues to experience significant public and private investment as Downtown Perris evolves into a vibrant mixed-use community. With Southern California's ongoing housing shortage and continued Inland Empire population growth, this fully entitled project offers an outstanding opportunity for builders and investors seeking a near shovel-ready multifamily development in one of Riverside County's fastest-growing markets. Buyers should conduct their own due diligence regarding eligibility for any current or future housing incentive programs.