14086 Moreno Beach Dr Moreno Valley, CA 92555

Property Details for 14086 Moreno Beach Dr

Lot size

2.31 lot acres

Property type

Land

Description

This exceptional 100,624 square foot commercial land parcel, located at 14086 Moreno Beach Drive in Moreno Valley, CA 92555 (APN 478-070-026, 027), presents a unique investment opportunity. Zoned CC (Community Commercial), this property is ideally suited for quick-service restaurants, retail, or office development. The asking price is $2,000,000, translating to $865,800 per acre. Benefit from the significant infrastructure improvements underway, including a new freeway interchange on Moreno Beach Drive slated for completion by Fall 2023. Moreno Valley's robust economic growth, with over 30,000 jobs created in the last decade and an additional 20,000 projected from the upcoming 40.6 million square foot World Logistics Center (WLC), promises substantial returns. The WLC alone is anticipated to generate a $2 billion annual economic benefit. The property's proximity to major employers like the Riverside University Health System Medical Center (6,000 employees, $1.6 billion economic impact) and the expanding Kaiser Medical Center project further enhances its value. Surrounding residential development adds to the property's long-term potential. The seller is open to considering ground lease options. This is a rare chance to acquire a strategically located commercial property in a rapidly growing market. Free and clear ownership is offered.