13535 Nason St Moreno Valley, CA 92555
- Commercial real estate
- 8.11 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 13535 Nason St
- Lot size
- 8.11 lot acres
- Property type
- Commercial real estate
- APN
- 487-470-014, 487-470 - (032 - 034)
Description
This exceptional 8.11-acre parcel in Moreno Valley, CA, presents a remarkable opportunity for high-density residential development. Located on a signalized hard corner at 13535 Nason St, 92555, with APN 487-470-014, 487-470 - (032 - 034), this fee simple property boasts Downtown Center (DC) zoning, allowing for unlimited density and flexible project designs. Its prime location offers significant advantages, situated adjacent to the Town Center at Moreno Valley, a mixed-use project slated for completion in 2025, encompassing up to 800 homes and 220,000 square feet of commercial space. The property benefits from Moreno Valley's robust economic growth, evidenced by over 30,000 jobs created in the last decade, further fueled by the nearby World Logistics Center (WLC) – a 40.6 million square foot project generating a $2 billion annual economic impact and an additional 20,000 jobs. The proximity to Riverside University Health System Medical Center (6,000 employees, $1.6 billion economic impact) and the planned Kaiser Medical Center expansion (adding 1,125,000 square feet and 4,000 jobs) solidifies this location's exceptional potential. The land is priced at $8,400,000, or $23.78 per square foot. This is an unparalleled chance to capitalize on Moreno Valley's thriving market and create a significant residential development.
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
- -117.1916554918
- Latitude
- 33.924600170163
