230 3rd St Perris, CA 92570-2223
This 805-square-foot commercial building in downtown Perris, California, presents a compelling investment opportunity. Built in 1954, the single-story structure sits on a sizable 0.34-acre lot (14,810 square feet) and is zoned C1. Currently leased month-to-month for $1,100 per month gross, the property is ideal for a variety of uses, including real estate, beauty salons, accounting, or legal practices. Its location in Perris' urban village offers significant upside potential for future development. The property's convenient access to the city center and the Metrolink Station enhances its appeal. The asking price has been reduced to $399,000, representing a significant value proposition. The property's APN is 310-023-013. This is a rare chance to acquire a well-located commercial building in a growing California market. The building's single-story design and ample lot size provide flexibility for various business needs and potential expansion. This property offers a blend of immediate income generation and long-term development prospects, making it an attractive investment in Perris' thriving urban core. The address is 230 E 3rd St, Perris, CA 92570.
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Jovita's Income Tax & Notary Tax Preparation
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
M1 · Perris, CAPerris. Always verify with local authorities before improvements.
Costs & Benchmarks
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Risks
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