Current Use by Public Records
- Land
Property Details for 555 Pennsylvania Ave
- Lot size
- 1.33 lot acres
- Property type
- Land
Description
This exceptional 1.33-acre commercial land parcel in Beaumont, California (APN: 418-122-021 & 418-160-006), presents a unique development opportunity. Zoned for Sixth Street Mixed Use, the property boasts pre-approved Conditional Use Permits (CUPs) for a comprehensive development plan. This includes a 3,400 sq. ft. convenience store with beer and wine sales, a 1,292 sq. ft. Quick Service Restaurant (QSR), and an 85-foot express car wash. Strategically located adjacent to the I-10 Freeway and directly across from the Pennsylvania Avenue exit in Riverside County, 92223 (555 Pennsylvania Ave), this site offers unparalleled visibility and accessibility, ensuring high traffic volume and significant potential for return on investment. The asking price is $2,500,000 and the sale is structured to accommodate a 1031 exchange. This rare opportunity is ideal for developers seeking a high-traffic, freeway-adjacent location with existing entitlements. The property's prime location and approved plans minimize development hurdles, maximizing the potential for a swift and profitable project.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Beaumont
- County
- Riverside
- State
- California
- Longitude
- -116.966
- Latitude
- 33.9283
