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Lakeview Ave - Mixed Use Development Parcels 7 Acres of Commercial Land Offered at $799,000 in Nuevo, CA 92567

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INVESTMENT HIGHLIGHTS

  • Adjacent corner Gas station
  • Possible addition acreage gain upon development
  • High visibility from Ramona Expressway - Mid County Parkway

EXECUTIVE SUMMARY

Will Sell All or Part

PROPERTY FACTS

Price $799,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 7.00 AC
Cross Streets Ramona Expressway
Zoning Mixed Use/CPS - Land Commercial

1 LOT AVAILABLE

Lot

Price $799,000
Price Per AC $114,142.86
Lot Size 7.00 AC

Flat topgraphy

DESCRIPTION

Seize a rare opportunity to own a prime 7.08-acre vacant commercial lot (buyer to verify), zoned Mixed Use, strategically located at the high-traffic intersection of Lakeview and Reservoir Avenues in the thriving community of Nuevo, CA. With frontage on both Reservoir and Lakeview Avenues, directly behind a Valero gas station and steps from Ramona Expressway (State Route 79), this flat, developable site enjoys exceptional visibility, boasting a daily traffic count exceeding 40,000 vehicles (per Riverside County traffic studies). Comprising five parcels (APNs: 426-092-006, 426-092-002, 426-074-005, 426-073-009, 426-091-001), this property offers paved street access with all utilities readily available at the road, making it a blank canvas for a variety of commercial ventures. Permitted uses (buyer to verify with Riverside County) include service stations, car washes, automotive services, fast food, restaurants, retail, medical centers, nurseries, RV/boat storage, car dealerships, and more. Located less than a mile from the approved “Villages of Lakeview” master-planned community, which will bring 8,750 homes to the area, this lot is perfectly positioned to capitalize on the region’s tremendous planned commercial and industrial growth. With very few commercial parcels available in this up-and-coming area, this property is an ideal investment for developers and businesses looking to establish a foothold in a rapidly expanding market. Contact us today for the plat map, a full list of permitted uses, and to explore this unparalleled development opportunity!

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 426-092-002
  • 426-091-001
  • 426-092-006
  • 426-073-009
  • 426-074-005
Land Assessment
$1,352,098
Improvements Assessment
$0
Total Assessment
$1,352,098
  • Listing ID: 32137186

  • Date on Market: 6/14/2024

  • Last Updated:

  • Address: Lakeview Ave, Nuevo, CA 92567

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