New Listing13860 Nason,Moreno Valley, CA 92555
Moreno Valley, CA 92555
Description
**6.19± ACRES | DOWNTOWN CENTER | MULTIFAMILY DEVELOPMENT OPPORTUNITY | MORENO VALLEY** **Prime 6.19± acre development opportunity directly across from the new Lewis Downtown Center at Nason Street and Alessandro Boulevard.** Located in Moreno Valley's Downtown Center Zoning with no density limit. this exceptional site offers a developer the rare opportunity to acquire a substantial, strategically located parcel with multiple development options. The property has already been studied for a **190-unit multifamily development**, providing a potential starting point for a developer looking to move forward with an existing concept. or a **blank slate** for a developer to create its own vision and maximize the site's tremendous potential. Situated and bordering three streets**, the property offers excellent access, frontage, visibility and design flexibility that is difficult to find in a site of this size. Its location directly across from the planned **Lewis Downtown Center** creates significant long-term upside as the surrounding area develops into one of Moreno Valley's major mixed-use destinations. The property is also currently generating approximately **$12,000 per month in income**, providing the opportunity to **bank the property and collect income while the Downtown Center continues to develop**, or move forward with a multifamily project now. **2 strategies:** Move forward:** Utilize the existing 190-unit multifamily concept or develop your own higher-density design. Bank and hold:** Acquire the property, collect approximately $12,000/month in current income, and benefit from the continued development of the surrounding Downtown Center. The location is approximately **one mile from Riverside University Medical Center and Kaiser Permanente**, providing convenient access to major employment, healthcare and transportation corridors. This is an opportunity to control a significant piece of land in one of Moreno Valley's most important emerging development areas-with an existing income stream, an existing multifamily concept, and substantial flexibility for a developer to pursue its own vision. **6.19± Acres | Downtown Center | Potential 190 Units | $12,000± Monthly Income | Across from Lewis Downtown Center | Multifamily Development Opportunity** Also available to buy only 3 acres with houses on Larkmead court for 3.4 M. generating 9k per month.* Buyer to do their own diligence and verification of these estimates.
Details
| MLS # | OC26197555 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 6 |
| Listing Provided By | Sellers Net Inc | Mark Testa |
Features
| Zoning | DC Downtown Center |
|---|---|
| Acreage | 6.19 |
| Property View | None |
Exterior
| Lot Features | Six To Ten Units Acre, Flat |
|---|---|
| Topography | Level |
Utilities
| Utilities | Electricity Available, Natural Gas Available |
|---|
Location
| Community Features | Suburban, Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Riverside |
| City | Moreno Valley |
| Zip Code | 92555 |
| Area | 259 Moreno Valley |
| Listing VS Median (in 92555) | |
Price: $5,470,000 low | high Med: $577,000 On site: 6 low | high Med: 38 | |
Market Activity 92555
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Learn More About This Property
| State | CA |
|---|---|
| County | Riverside |
| City | Moreno Valley |
| Zip Code | 92555 |
| Area | 259 Moreno Valley |
| Listing VS Median (in 92555) | |
Price: $5,470,000 low | high Med: $577,000 On site: 6 low | high Med: 38 | |
