Riverside CA 92503 La Sierra Ave Riverside, CA 92503
- Land
- 8.17 lot acres
Current Use by Public Records
- Land
Property Details for Riverside CA 92503 La Sierra Ave
- Lot size
- 8.17 lot acres
- Property type
- Land
Description
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.
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
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.453
- Latitude
- 33.8588
