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Additional details
$ 5,470,000
Est. payment /mo
Active
13860 Nason Moreno Valley, CA 92555
6.19 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26197555
Lot Size 6.190 Acres
Lot Dimensions 269,636
Property Sub-Type Lots/Land
Property Description
**6.19 ACRES | DOWNTOWN CENTER | MULTIFAMILY DEVELOPMENT OPPORTUNITY | MORENO VALLEY** **Prime 6.19 acre development opportunity directly across from the new Lewis Downtown Center at Nason Street and Alessandro Boulevard.** Located in Moreno Valleys Downtown Center Zoning with no density limit. this exceptional site offers a developer the rare opportunity to acquire a substantial, strategically located parcel with multiple development options. The property has already been studied for a **190-unit multifamily development**, providing a potential starting point for a developer looking to move forward with an existing concept. or a **blank slate** for a developer to create its own vision and maximize the site's tremendous potential. Situated and bordering three streets**, the property offers excellent access, frontage, visibility and design flexibility that is difficult to find in a site of this size. Its location directly across from the planned **Lewis Downtown Center** creates significant long-term upside as the surrounding area develops into one of Moreno Valley's major mixed-use destinations. The property is also currently generating approximately **$12,000 per month in income**, providing the opportunity to **bank the property and collect income while the Downtown Center continues to develop**, or move forward with a multifamily project now. **2 strategies:** Move forward:** Utilize the existing 190-unit multifamily concept or develop your own higher-density design. Bank and hold:** Acquire the property, collect approximately $12,000/month in current income, and benef
Location
State CA
County Riverside
Direction 60 Freeway south north of Alasandro
Interior
Fireplace No
Exterior
Utilities Available Electric, Natural Gas
View Y/N No
Others
Senior Community No
Tax ID 488210011
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Mark Testa, DRE#01022131 Sellers Net Inc
NEARBY SCHOOL & BUSINESS
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