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$20,075,000
Est. payment /mo
18.39 Acres Lot
UPDATED:
12/13/2024 07:14 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV24208593
HOA Y/N No
Lot Size 18.390 Acres
Property Description
Property is UNPRICED!
• Prime 18.39 Acre Apartment Site
• 460 Unit Apartment Development Currently Being Entitled
• Favorable Downtown Center (DC) Zoning Allows for No Limits on Density
• DC Zoning Establishes a Flexible Environment for Creative/ Transformative Projects
• Down the Street from Future Town Center at Moreno Valley - A Mixed-Use Project with up to 800 Homes and 220,000 SF of Commercial Uses
• City of Moreno Valley Job Creation Exceeding 30,000 Over the Past 10 Years
• Nearby World Logistics Center (WLC), a 40.6 Million Square Foot Project That Will Provide a $2 Billion Annual Economic Benefit to the City
• An Additional 20,000 New Jobs Coming From the Recently Approved WLC Project That Is Scheduled to Break Ground in Winter of 2024
• Close Proximity to the Riverside University Health System Medical Center, a Hospital That Employs 6,000 Workers and Has an Economic Impact of $1.6 Billion
• Nearby the New Kaiser Medical Center Project, an Expansion Plan That Will Add 1,125,000 Square Feet of Medical Services and Create 4,000 New Jobs in the City
• Prime 18.39 Acre Apartment Site
• 460 Unit Apartment Development Currently Being Entitled
• Favorable Downtown Center (DC) Zoning Allows for No Limits on Density
• DC Zoning Establishes a Flexible Environment for Creative/ Transformative Projects
• Down the Street from Future Town Center at Moreno Valley - A Mixed-Use Project with up to 800 Homes and 220,000 SF of Commercial Uses
• City of Moreno Valley Job Creation Exceeding 30,000 Over the Past 10 Years
• Nearby World Logistics Center (WLC), a 40.6 Million Square Foot Project That Will Provide a $2 Billion Annual Economic Benefit to the City
• An Additional 20,000 New Jobs Coming From the Recently Approved WLC Project That Is Scheduled to Break Ground in Winter of 2024
• Close Proximity to the Riverside University Health System Medical Center, a Hospital That Employs 6,000 Workers and Has an Economic Impact of $1.6 Billion
• Nearby the New Kaiser Medical Center Project, an Expansion Plan That Will Add 1,125,000 Square Feet of Medical Services and Create 4,000 New Jobs in the City
Location
State CA
County Riverside
Area 259 - Moreno Valley
Zoning (DC) Downtown Center
Interior
Fireplace No
Exterior
Community Features Park
View Y/N Yes
View Mountain(s)
Building
Lot Description Level
Water Public
New Construction No
Others
Senior Community No
Tax ID 486280002
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Special Listing Condition Standard
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Listed by JERRY STEPHENS • DIVERSIFIED REALTY INC. • Jerry@Div-Re.com