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Listed by Marcus Ibrahim, DRE #02103911 • eXp Realty of Greater Los Angeles
$300,000
Est. payment /mo
1 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRCV25225746
Lot Size 1 Sqft
Property Sub-Type Other Residential Land
Source California Regional MLS
Property Description
One of three contiguous parcels sold together or separately, this 1.45 acre parcel is on the southwest corner of Webster Ave. and Nuevo Rd. and in an OPPORTUNITY ZONE 1/2 mile from the I-215 interchange which ALLOWS 60 UNITS PER ACRE! WATCH aerial video! This is a timely opportunity for an investor or developer to acquire land with Mixed-Use Zoning, bordering Perris, close to the I-215/CA-74 Freeways and Nuevo Road interchange with NO Mello Roos taxes and is exempt from capital gains taxes if held over 10 years. With water and power next door and sewer in the street in front of the 2nd neighboring parcel, this property is ripe for development. We are just down the street from Perris Plaza with Walmart, ALDI, Stater Bros, In-N-Out, Chick-Fil-A, Ross, Starbucks, Planet Fitness and many other neighborhood amenities that make this area perfect for future residents and future growth. Permitted uses include residential, parks, restaurants, retail, medical offices, and professional services. With conditional approval, additional uses may include hotels, entertainment venues, convenience stores, mobile home parks, and more. Please see OM for a full list of permitted uses. The population of Perris across the street is increasing, income per capita is increasing, poverty is decreasing, an
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Zoning PRKG,LWS,LZ,LSR,LL,NL,D9,PRK,RA,RK,TRE,LV
Exterior
Fence None
Utilities Available Electricity - On Site
View Hills, Local/Neighborhood, Panoramic
Building
Lot Description Trees, Grade - Level, Farm Animals (Permitted)
Water District - Public
Others
Tax ID 305270031
Special Listing Condition Not Applicable
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