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7.88 Acres Lot
$ 9,000,000
Est. payment | /mo
7.88 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV24208620
HOA Y/N No
Lot Size 7.880 Acres
Property Description
Property is UNPRICED!
• Prime 7.88 Acre Apartment Site
• Favorable Downtown Center (DC) Zoning Allows for No Limits on Density
• DC Zoning Establishes a Flexible Environment for Creative/Transformative Projects
• Close Proximity to Town Center at Moreno Valley - A Mixed Used Project With up to 800 Homes and 220,000 SF of Commercial Use, to Be Completed in 2025
• City of Moreno Valley Job Creation Exceeding 30,000 Over the Past 10 Years
• Nearby World Logistics Center (WLC), a 40.6 Million Square Foot Project That Will Provide a $2 Billion Annual Economic Benefit to the City
• An Additional 20,000 New Jobs Coming From the Recently Approved WLC Project That Is Scheduled to Break Ground in Fall of 2023
• Close Proximity to the Riverside University Health System Medical Center, a Hospital That Employs 6,000 Workers and Has an Economic Impact of $1.6 Billion
• Nearby the New Kaiser Medical Center Project, an Expansion Plan That Will Add 1,125,000 Square Feet of Medical Services and Create 4,000 New Jobs in the City
• Prime 7.88 Acre Apartment Site
• Favorable Downtown Center (DC) Zoning Allows for No Limits on Density
• DC Zoning Establishes a Flexible Environment for Creative/Transformative Projects
• Close Proximity to Town Center at Moreno Valley - A Mixed Used Project With up to 800 Homes and 220,000 SF of Commercial Use, to Be Completed in 2025
• City of Moreno Valley Job Creation Exceeding 30,000 Over the Past 10 Years
• Nearby World Logistics Center (WLC), a 40.6 Million Square Foot Project That Will Provide a $2 Billion Annual Economic Benefit to the City
• An Additional 20,000 New Jobs Coming From the Recently Approved WLC Project That Is Scheduled to Break Ground in Fall of 2023
• Close Proximity to the Riverside University Health System Medical Center, a Hospital That Employs 6,000 Workers and Has an Economic Impact of $1.6 Billion
• Nearby the New Kaiser Medical Center Project, an Expansion Plan That Will Add 1,125,000 Square Feet of Medical Services and Create 4,000 New Jobs in the City
Location
State CA
County Riverside
Area 259 - Moreno Valley
Zoning (DC) Downtown Center
Interior
Fireplace No
Exterior
Community Features Sidewalks
View Y/N Yes
View Mountain(s)
Building
Lot Description Level
Water Other
New Construction No
Others
Senior Community No
Tax ID 486270021
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Special Listing Condition Standard
Listed by JERRY STEPHENS • DIVERSIFIED REALTY INC. • Jerry@Div-Re.com
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "