Prime Commercial Property For Sale

600 S D St, Perris, CA 92570

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For Sale

$1,500,000

Corner property with redevelopment potential in a growing area.

Type:Commercial

Property size:

6,200 SF

Lot size:

1.00 Acre

Price / SF:

$241/SF

HighLights

Over 1 acre of prime real estate encompassing an entire city block.
Strategically located corner property on D St. with strong visibility and convenient access.
Significant redevelopment potential for mixed‑use, retail, office, and/or multifamily projects (subject to zoning and approvals).
Located in an established and growing area benefiting from ongoing investment and population growth.
Flexible redevelopment potential with the possibility to build up to 3 stories with mixed uses.
Features a 6,200 Sq. Ft. commercial building with a large common space, bar, storage room, and large parking lot.

We can help!

Listing Contact

Jose Marin

Learn more

For Sale

$1,500,000

Corner property with redevelopment potential in a growing area.

Type:Commercial

Property size:

6,200 SF

Lot size:

1.00 Acre

Price / SF:

$241/SF

Added:: Apr 24, 2026
Days on Market:: 49
Last Refresh:: Apr 24 at 4:46 pm

Property Features for 600 S D St

General Information

Standard status: Active
Size: 6,200 SF
Lot size: 1.00 Acre
Property subtype: Commercial

Building Details

Year Built: 1940

We can help!

Listing Contact

Jose Marin

Listing agent Jose Marin License #01753895

Listing office

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Jose Marin

HighLights

Over 1 acre of prime real estate encompassing an entire city block.
Strategically located corner property on D St. with strong visibility and convenient access.
Significant redevelopment potential for mixed‑use, retail, office, and/or multifamily projects (subject to zoning and approvals).
Located in an established and growing area benefiting from ongoing investment and population growth.
Flexible redevelopment potential with the possibility to build up to 3 stories with mixed uses.
Features a 6,200 Sq. Ft. commercial building with a large common space, bar, storage room, and large parking lot.

Overview

The commercial building at 600 S D St. encompasses approximately 6,200 Sq. Ft. and features a large common space for gathering, a bar, and a storage room. The corner property fronts D St. and includes three parcels totaling over 1 acre. The site offers redevelopment potential and is positioned in an established and growing area with visibility, convenient access, and proximity to key transportation routes, employment centers, and amenities. Redevelopment concepts include mixed-use, retail, office, and multifamily, subject to zoning and approvals. The surrounding area benefits from ongoing investment, population growth, and increasing demand for modern commercial and residential space. The property is suitable for developers, investors, and owner-users seeking to reposition an asset or deliver a new project. The commercial building sits on one of the parcels, while the other two are vacant and used for parking. There is great potential for new development in the Downtown area. Zoning and development standards fall under the Downtown specific plan, allowing building up to 3 stories with mixed uses. The city of Perris is completing the D St. beautification efforts.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$142.1k	$22.92
− Vacancy	−$12.2k	−$1.97
EGI	$129.9k	$20.95
− OpEx	−$32.5k	−$5.24
NOI	$97.4k	$15.71

6,200 SF · lease $22.92/SF/yr · vacancy 8.60% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.39M

$1.22M – $1.62M (±1% cap)

NOI $97,412 @ 7.0% cap · market cap 6.49%

Second Best

Retail

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $88,869 @ 7.0% cap · market cap 5.92%

Theoretical Best

Office A

$1.86M

$1.63M – $2.17M (±1% cap)

NOI $130,019 @ 7.0% cap · market cap 8.67%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

American Legion Post ... Advocacy Group

Suggested Use

Location Insight

Map
Local Demand

City: Perris
County: Riverside
State: California
Longitude: -117.2291718
Latitude: 33.7800452

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For sale
Commercial land
CA
Perris
92570
600 S D St

What type of property is this?

Commercial land - Corner property with redevelopment potential in a growing area.

Where is this commercial land located?

The property is located at 600 S D St Perris, CA.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Over 1 acre of prime real estate encompassing an entire city block.; Strategically located corner property on D St. with strong visibility and convenient access.; Significant redevelopment potential for mixed‑use, retail, office, and/or multifamily projects (subject to zoning and approvals).