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175 S G St - Shovel-Ready 37-Unit Residential Development 1.82 Acres of Commercial Land Offered at $3,000,000 in Perris, CA 92570
Investment Highlights
- Fully Entitled 37-Unit Multifamily Development Opportunity - ±1.82 Acres (79,279 SF)
- TTM & Development Plan Review (DPR) Approved by the City of Perris
- Grading Permit Currently in Process
- Phase I Environmental & Geotechnical (Soils) Reports Available
- Sewer Improvements Complete with Increased Utility Capacity
- Flat Site with Minimal Grading Requirements
Executive Summary
• Located Within Perris' Rapidly Growing Downtown Corridor
• Walking Distance to Perris-Downtown Metrolink Station
• Minutes from Perris City Hall, Medical Facilities, Shopping & Dining
• Excellent Access to Interstate 215
• Second Parcel from I-215 Providing Outstanding Freeway Access with Reduced Traffic Noise
• Significant Entitlement Work Completed, Reducing Development Timeline and Entitlement Risk
• Approximately 0.4 Miles (2-Minute Drive / 8-Minute Walk) to the Perris-Downtown Metrolink Station, Providing Convenient Rail Access Throughout Southern California
• Approximately 20 Minutes to the University of California, Riverside (UCR) by Car, with Convenient Metrolink Access Available
• Minutes from Perris City Hall, Medical Facilities, Shopping, Dining, and Everyday Amenities
• Located in One of the Inland Empire's Fastest-Growing Logistics Corridors
• Surrounded by Major Distribution and Logistics Employers, including Target, Amazon, Walmart, Ross, Lowe's, FedEx, and Home Depot, Supporting Continued Employment Growth and Housing Demand
• Walking Distance to Perris-Downtown Metrolink Station
• Minutes from Perris City Hall, Medical Facilities, Shopping & Dining
• Excellent Access to Interstate 215
• Second Parcel from I-215 Providing Outstanding Freeway Access with Reduced Traffic Noise
• Significant Entitlement Work Completed, Reducing Development Timeline and Entitlement Risk
• Approximately 0.4 Miles (2-Minute Drive / 8-Minute Walk) to the Perris-Downtown Metrolink Station, Providing Convenient Rail Access Throughout Southern California
• Approximately 20 Minutes to the University of California, Riverside (UCR) by Car, with Convenient Metrolink Access Available
• Minutes from Perris City Hall, Medical Facilities, Shopping, Dining, and Everyday Amenities
• Located in One of the Inland Empire's Fastest-Growing Logistics Corridors
• Surrounded by Major Distribution and Logistics Employers, including Target, Amazon, Walmart, Ross, Lowe's, FedEx, and Home Depot, Supporting Continued Employment Growth and Housing Demand
Property Facts
| Price | $3,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 1.82 AC |
| Property Type | Land | ||
| Zoning | CC - Commercial Community | ||
| Price | $3,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 1.82 AC |
| Zoning | CC - Commercial Community |
1 Lot Available
Lot
| Price | $3,000,000 | Lot Size | 1.82 AC |
| Price Per AC | $1,648,351.65 |
| Price | $3,000,000 |
| Price Per AC | $1,648,351.65 |
| Lot Size | 1.82 AC |
1.82 acres (79,279 SF) of fully entitled residential development opportunity.
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $373,438 | Total Assessment | $373,438 |
Property Taxes
Parcel Numbers
Land Assessment
$373,438
Improvements Assessment
$0
Total Assessment
$373,438
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