318 S D St Perris, CA 92570
Property Features for 318 S D St
General Information
- Property type
- Commercial
- Standard status
- Pending
- Lot size
- 0.49 Acres
Building Details
- Year built
- 1950
Source:
Elliman
Listing Agent: Randall Morin
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Downtown Perris Commercial Portfolio
This commercial portfolio features four buildings with a total of ten individual units, situated in the heart of the City of Perris Downtown Redevelopment Area. The portfolio includes the historic Lerner Warehouse Building, offering character, visibility, and strong potential for repositioning or long-term cash flow. Most units are currently leased at rents below market value, presenting significant upside for investors. The ability to adjust rental rates to market standards, combined with ongoing city redevelopment efforts, positions this asset for major NOI growth and long-term value creation. Located within a rapidly improving district supported by the city’s ongoing revitalization efforts, these properties provide excellent frontage and proximity to civic centers, transit, and future development. This is ideal for investors seeking multi-tenant commercial income, value-add potential, or participation in the area’s long-term growth. The properties can be utilized for retail, office, creative space, or adaptive reuse, representing one of the most strategically located commercial opportunities in Downtown Perris.
Location Intelligence
Current Use by Public Records
Zapateria Jerez #1
(Bike/Boat/Book/etc) Store
Similar Places Nearby
Ayala's Flowers, Bazar Communications
Location Insight
- Map
- Local Demand
- City
- Perris
- County
- Riverside
- State
- California
- Longitude
- -117.228781
- Latitude
- 33.782865
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Four buildings, ten units in Perris Downtown Redevelopment Area.
Where is this storefront property located?
The property is located at 318 S D St Perris, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: - Prime Downtown Perris location in the City's Redevelopment Area.; - Significant upside potential due to below-market rental rates.; - Portfolio of 10 units across 4 buildings, offering diversified income streams.
