28300 Alessandro Blvd Moreno Valley, CA 92555
- Commercial real estate
- 9.10 lot acres
Current Use by Public Records
- Live-Well / Food And Beverage Consultant
Property Details for 28300 Alessandro Blvd
- Lot size
- 9.10 lot acres
- Property type
- Commercial real estate
- APN
- 478-060-009 & 478-050-001
Description
Exceptional 9.1-acre residential land parcel in Moreno Valley, CA, is available for development. Currently zoned Residential 3 District (R3), this fee-simple property presents significant potential for multifamily or townhome construction. The land's strategic location offers easy access to major amenities and infrastructure. Within five miles of Lake Perris State Recreation Area, it benefits from proximity to the new Moreno Beach Drive freeway interchange (completion expected Fall 2023). The area boasts robust economic growth, including over 30,000 jobs created in the last decade, fueled by projects like the World Logistics Center (WLC) – a 40.6 million square foot development generating a $2 billion annual economic impact and an additional 20,000 projected jobs (groundbreaking Fall 2023). The property's close proximity to Riverside University Health System Medical Center (6,000 employees, $1.6 billion economic impact) and the expanding Kaiser Medical Center project (1,125,000 sq ft expansion, 4,000 new jobs) further enhances its investment appeal. The asking price is $5,000,000, translating to approximately $549,451 per acre. APN: 478-060-009 & 478-050-001. This property offers a rare opportunity to capitalize on Moreno Valley's thriving market and significant future growth. The R3 zoning may allow for higher density development, subject to city approvals.
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
- -117.16913160648
- Latitude
- 33.917442149418
