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SE of Elsworth St and Cactus ave - Excellent Corner in Moreno Valley 1.61 Acres of Commercial Land Offered at $1,498,000 in Moreno Valley, CA 92553

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INVESTMENT HIGHLIGHTS

  • Prime Location: Strategically located near I-215/Cactus Ave interchange , directly across from March Air Reserve Base
  • Versatile BPX Zoning: Flexible Business Park-Mixed Use zoning permits diverse commercial development including retail, office, medical, hotels ect.
  • Established Commercial Area: Adjacent to successful gas stations and restaurants
  • Development-Ready 70,000 SF Site: Flat commercial lot with existing infrastructure including curbs, gutters, fire hydrants, storm drainage & utilities
  • High-Growth Market: Located in rapidly expanding Moreno Valley, the second largest city in Riverside County

EXECUTIVE SUMMARY

Above-Market Broker Fee | Assumable Private Financing | Motivated Seller

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $1,498,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
  • Hospitality
  • Apartment Units
  • Hotel
  • Motel
Total Lot Size 1.61 AC
Zoning BPX - Planned District

1 LOT AVAILABLE

Lot

Price $1,498,000
Price Per AC $930,429.58
Lot Size 1.61 AC

DESCRIPTION

Strategically positioned at the gateway to Moreno Valley's thriving commercial corridor, this exceptional 70,000 sq ft development site offers unparalleled visibility and access. Located just off I-215 with immediate freeway on/off ramp access at Cactus Avenue, the property boasts outstanding exposure to daily commuter traffic while sitting across from March Air Reserve Base, just 1 mile from City Hall and 2 miles from Moreno Valley Mall. This site features completed infrastructure including curbs, gutters, fire hydrants, and storm drainage with all utilities available in the street, allowing for immediate development. Zoned BPX (Business Park-Mixed Use), this versatile property supports a wide range of profitable development options including retail, office, professional services, hotels, medical facilities, light manufacturing, and specialized commercial uses. The site was previously approved in 2018 for an 81-unit hotel development with permits, plans, and engineering work already completed. Neighboring successful businesses include gas stations and restaurants, creating a complementary commercial ecosystem with established customer traffic. Moreno Valley continues to experience robust growth as the second largest city in Riverside County, with its strategic location offering access to over 4 million consumers within a 20-mile radius. This rare opportunity combines prime location, flexible BPX zoning, existing infrastructure, and immediate development potential—all offered by a motivated owner ready to engage with serious investors looking to capitalize on Moreno Valley's expanding commercial landscape.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
297-130-043
Land Assessment
$1,804,053
Improvements Assessment
$0
Total Assessment
$1,804,053
  • Listing ID: 34197384

  • Date on Market: 12/14/2024

  • Last Updated:

  • Address: SE of Elsworth St and Cactus ave, Moreno Valley, CA 92553

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