Cactus Ave Moreno Valley, CA 92555
- Land
- 9.39 lot acres
Current Use by Public Records
- Land
Property Details for 0 Cactus Ave
- Lot size
- 9.39 lot acres
- Property type
- Land
Description
This exceptional 9.39-acre residential land parcel presents a unique investment opportunity in Moreno Valley, CA. Currently zoned RA2, the property offers significant potential for rezoning to R10, allowing for a high-density residential development of up to approximately 94 homes per acre. The site's prime location benefits from Moreno Valley's robust economic growth, fueled by over 30,000 new jobs created in the last decade. This growth is further amplified by the imminent addition of 20,000 jobs from the recently approved World Logistics Center (WLC), a massive 40.6 million square foot project projected to generate a $2 billion annual economic benefit. The property's proximity to major employment centers, including the Riverside University Health System Medical Center (6,000 employees, $1.6 billion economic impact) and the expanding Kaiser Medical Center project (adding 1,125,000 square feet and 4,000 jobs), further enhances its desirability. The property is offered fee simple and features APN 486-570-010. Located on Cactus Ave, Moreno Valley, CA 92555, this land presents a compelling opportunity for developers seeking to capitalize on Moreno Valley's thriving market and significant job growth. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Moreno Valley
- County
- Riverside
- State
- California
- Longitude
- -117.187
- Latitude
- 33.9101
