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    Riverside CA 92503 La Sierra Ave Riverside, CA 92503

    For Sale
    Contact for pricing

    8+ Acres, High-Traffic Location, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 8.17-acre commercial land parcel presents a unique investment opportunity in Riverside, CA. Situated at the corner of La Sierra Ave and El Sobrante Rd, this property boasts a prime location with high visibility and significant daily traffic counts exceeding 23,000 vehicles. Currently zoned W-2 (controlled development use), the site offers considerable flexibility for various commercial ventures. A previous application for a self-storage facility was underway and received positive feedback from Riverside County. The property is ideally positioned to serve the burgeoning residential communities of Lake Hills Reserve, Lake Mathews, Victoria Grove, and the newly completed Estates at Highland Grove (260+ homes). The lack of comparable commercial development in the immediate vicinity creates a compelling opportunity for a retail shopping center or a self-storage facility, potentially incorporating RV/boat storage. Extensive due diligence materials are available for qualified buyers, reflecting significant progress on entitlements (approximately 50% complete for self-storage). The APN is 270-190-017. This is a rare chance to capitalize on a high-demand location and create a thriving commercial development. Permitted uses, as outlined in supplemental documents, include RV/trailer storage, boat storage, mobile home parks, and recreational parks. The adjacent properties are owned by Riverside County and the Municipal Water District.

    Property Features for Riverside CA 92503 La Sierra Ave

    General Information

    Property type
    Land
    Lot Size
    355,885 SF

    HighLights

    • 8.17‑acre corner lot in Riverside, CA, at La Sierra Ave and El Sobrante Rd.
    • High‑traffic location with over 23,000 cars per day (CPD).
    • Extensive due diligence package available; 50% of entitlements complete for self‑storage.
    • Potential for self‑storage facility with RV/boat storage; retail shopping center also feasible.
    • Strong demand driven by nearby new residential communities (Lake Hills Reserve, Lake Mathews, Victoria Grove, Estates at Highland Grove).
    • Zoning change to C‑1/C‑P in process.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.45348475251
    Latitude
    33.858818907895

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    FAQs

    What type of property is this?
    Land - 8+ Acres, High-Traffic Location, Development Potential
    Where is this land located?
    The property is located at Riverside CA 92503 La Sierra Ave Riverside, CA.
    What are key features of this property?
    This property features: 8.17-acre corner lot in Riverside, CA, at La Sierra Ave and El Sobrante Rd.; High-traffic location with over 23,000 cars per day (CPD).; Extensive due diligence package available; 50% of entitlements complete for self-storage.
    (951) 283-5015
    Request Owner's contact information
    Riverside CA 92503 La Sierra Ave Riverside, CA 92503
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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
    Riverside CA 92503 La Sierra Ave Riverside, CA 92503
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