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Highway 74 - 17.45-acre Vacant Land on Highway 74 17.45 Acres of Commercial Land Offered at $1,299,000 in Perris, CA 92570

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INVESTMENT HIGHLIGHTS

  • Heavy day traffic
  • Planned Unit Development
  • Commercial Development Opportunity

EXECUTIVE SUMMARY

Development Opportunity. Rural Residential zoning designated by County of Riverside. County currently is going thru a re-zoning of properties along Highway 74. Proposed re-zoning are to the east Light Industrial and to the West Commercial.Prime growing area in the county of Riverside just minutes away to Major Freeway, 15 FWY & 215 FWY. It is located off Highway 74 within Lake Elsinore Unified School District. Highway frontage span over 650 Feet with 2 point of access. Zoning allows a planned unit development and Commercial. Surrounding includes some commercial and light industrial uses focused along State Route 74, the central transportation spine within the community. Daily traffic count exceed 20,000 Vehicle per day.

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $1,299,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Industrial
  • Retail
  • Hospitality
  • Auto Repair
  • Auto Salvage Facility
  • Carwash
  • Cement or Gravel Plant
  • Cemetery or Mausoleum
  • Contractor Storage Yard
  • Daycare Center
  • Garden Center
  • General Freestanding
  • Hold For Development
  • Hold For Investment
  • Horse Stables
  • Industrial Park
  • Lodge or Meeting Hall
  • Manufactured Homes or Mobile Home Park
  • Master Planned Community
  • Motel
  • Office Park
  • Open Space
  • Parking Garage
  • Parking Lot
  • Religious Facility
  • Self Storage
  • Trailer or Camper Park
  • Agricultural
Total Lot Size 17.45 AC
Cross Streets Peach Street
Zoning RR - Rural Residential

1 LOT AVAILABLE

Lot

Price $1,299,000
Price Per AC $74,441.26
Lot Size 17.45 AC

Vacant land - Development Opportunity. Rural Residential zoning designated by County of Riverside. County currently is going thru a re-zoning of properties along Highway 74. Proposed zoning: East Light Industrial and Commercial on the West

DESCRIPTION

Large Parcel, 17.45 acres located on the corner of Peach St and Highway 74. Parcel is located close to freeways and Shopping. Developments continue to arise along Highway 74. Newer housing Development known as Rosetta Canyon is South of this Parcel. Current zoning is Rural Residential with in the County of Riverside. In 2005 was approved an application to subdivide lot into Commercial and MDR/MHDR but it is expired.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
349-090-026
Land Assessment
$44,595
Improvements Assessment
$0
Total Assessment
$44,595
  • Listing ID: 28816253

  • Date on Market: 6/21/2023

  • Last Updated:

  • Address: Highway 74, Perris, CA 92570

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