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    60 Moreno Bch Dr And Fwy Moreno Valley, CA 92555

    Sponsored
    For Sale
    Contact for pricing

    Prime 23.91-acre commercial site near freeway.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 23.91-acre commercial land parcel presents a unique investment opportunity in Moreno Valley, CA. Strategically located near the 60 Freeway's on/off ramps, the property boasts excellent visibility and pylon sign potential, ensuring high exposure to the over 76,000 vehicles traversing the freeway daily. A recently completed interchange at Moreno Beach Drive further enhances accessibility. The site benefits from its proximity to significant developments, including over 1,847 planned residential units (531 directly adjacent), the massive 40.6 million-square-foot World Logistics Center (projected $2 billion annual economic impact and 20,000 new jobs), Riverside University Health System Medical Center (6,000 employees, $1.6 billion economic impact), and a planned Kaiser Medical Center expansion (1,125,000 square feet, 4,000 new jobs). Moreno Valley's robust job growth (over 30,000 jobs created in the last decade) underscores the area's economic vitality. The property is zoned OC and offered as a fee simple ownership with APN 488-080-015, 026, 027, 028. This prime location offers unparalleled potential for a variety of commercial ventures.

    Property Features for 60 Moreno Bch Dr And Fwy

    General Information

    Property type
    Land
    Lot Size
    1,041,520 SF

    HighLights

    • 23.91‑acre commercial land parcel near the 60 Freeway on/off ramps in Moreno Valley, CA.
    • Excellent freeway visibility with pylon sign potential.
    • Over 1,847 new residential units planned nearby, with 531 adjacent to the site.
    • High traffic counts exceeding 76,000 vehicles daily on the 60 Freeway.
    • Newly completed Moreno Beach Drive interchange.
    • Proximity to the 40.6 million‑square‑foot World Logistics Center (WLC), projected to generate $2 billion in annual economic benefit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Moreno Valley
    County
    Riverside
    State
    California
    Longitude
    -117.17853777039
    Latitude
    33.941366726726

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    FAQs

    What type of property is this?
    Land - Prime 23.91-acre commercial site near freeway.
    Where is this land located?
    The property is located at 60 Moreno Bch Dr And Fwy Moreno Valley, CA.
    What are key features of this property?
    This property features: 23.91-acre commercial land parcel near the 60 Freeway on/off ramps in Moreno Valley, CA.; Excellent freeway visibility with pylon sign potential.; Over 1,847 new residential units planned nearby, with 531 adjacent to the site.
    (951) 567-3852
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    60 Moreno Bch Dr And Fwy Moreno Valley, CA 92555
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    60 Moreno Bch Dr And Fwy Moreno Valley, CA 92555
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