12.85 Ac Sharp Rd Perris, CA 92570
- Land
- 12.85 lot acres
Current Use by Public Records
- Land
Property Details for 0 12.85 Ac Sharp Rd
- Lot size
- 12.85 lot acres
- Property type
- Land
Description
This exceptional investment opportunity presents 12.85 acres of vacant land situated on Sharp Road in Perris, California, zip code 92570. The property comprises two legal parcels offering approximately 500 feet of frontage. Conveniently located, it boasts easy access to vital transportation arteries, being less than half a mile from Highway 74 and just over two miles from Interstate 215. The land benefits from access to public water provided by the Eastern Municipal Water District. Adding significant value, the property includes an existing single-family residence (SFR) on a permanent structure, currently generating a monthly rental income of $3,500. This income stream provides immediate return on investment while offering considerable potential for future development. The property's proximity to Perris Raceway further enhances its appeal and potential for various commercial ventures. This is a rare opportunity to acquire a substantial land parcel in a rapidly growing area with existing income and excellent access to major roadways. The asking price for this remarkable property is $900,000.
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
- Perris
- County
- Riverside
- State
- California
- Longitude
- -117.283
- Latitude
- 33.7536
