24000 Nuevo Rd Perris, CA 92570
This exceptional 5.3-acre property in Perris, California, presents a compelling mixed-use development opportunity. Currently zoned A-1-1, allowing for light agricultural use, the property also permits versatile mixed-use projects, including potential warehouse development. Comprising three separate parcels (APN 305-270-030, 305-270-031, and 305-270-032), totaling 5.3 acres, this land offers significant potential for investors seeking a strategic location in a rapidly growing area. The property's strategic location in Perris provides convenient access to major highways and commercial centers, enhancing its appeal for a wide range of development projects. The asking price is $1,500,000. Please note that the listed street number is currently unavailable and will be assigned upon completion of any construction. Prospective buyers are strongly encouraged to conduct thorough due diligence and independent investigations before making an offer. This is a unique chance to acquire a substantial land parcel with considerable development flexibility in a thriving California market. The property is ideal for those seeking a high-return investment with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.