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$2,800,000
Est. payment /mo
0.34 Acres Lot
UPDATED:
12/05/2024 01:52 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV24241381
HOA Y/N No
Year Built 2007
Lot Size 0.340 Acres
Property Description
PRIME RETAIL LOCATION WITH INCOME STABILITY AND VALUE-ADD POTENTIAL.
Positioned at a prime signalized intersection with high visibility from the 60 Freeway, this retail property is an exceptional opportunity for investors or owner-users seeking a versatile and well-located asset. The building is a 3,612-square-foot, two-tenant, potentially three-tenant freestanding building offering flexibility and income stability. Anchored by a long-term tenant, Little Caesars Pizza occupies 1,300 square feet under a secure NNN lease through January 2028. The remaining 2,312 square feet are vacant, offering a flexible space that can remain open or be divided back into two units, depending on the future owner’s vision or business needs. The space is primed for tenant improvements, providing an excellent opportunity to tailor the layout or enhance its value through thoughtful customization. Additionally, the property offers 10 parking spaces conveniently located at the front of the site. Located directly across from the bustling Moreno Valley Mall, this property benefits from a robust retail environment, drawing over 3.5 million square feet of consumer activity in the surrounding area. The region's dense demographics include over 242,000 residents within a 5-mile radius, combined with a growing workforce and proximity to major distribution hubs like the World Logistics Center. Whether as a stable income-producing asset or a space for creative redevelopment, this property provides unmatched potential in one of Southern California’s fastest-growing markets.
Positioned at a prime signalized intersection with high visibility from the 60 Freeway, this retail property is an exceptional opportunity for investors or owner-users seeking a versatile and well-located asset. The building is a 3,612-square-foot, two-tenant, potentially three-tenant freestanding building offering flexibility and income stability. Anchored by a long-term tenant, Little Caesars Pizza occupies 1,300 square feet under a secure NNN lease through January 2028. The remaining 2,312 square feet are vacant, offering a flexible space that can remain open or be divided back into two units, depending on the future owner’s vision or business needs. The space is primed for tenant improvements, providing an excellent opportunity to tailor the layout or enhance its value through thoughtful customization. Additionally, the property offers 10 parking spaces conveniently located at the front of the site. Located directly across from the bustling Moreno Valley Mall, this property benefits from a robust retail environment, drawing over 3.5 million square feet of consumer activity in the surrounding area. The region's dense demographics include over 242,000 residents within a 5-mile radius, combined with a growing workforce and proximity to major distribution hubs like the World Logistics Center. Whether as a stable income-producing asset or a space for creative redevelopment, this property provides unmatched potential in one of Southern California’s fastest-growing markets.
Location
State CA
County Riverside
Area 259 - Moreno Valley
Interior
Heating None
Cooling Central Air
Fireplace No
Laundry None
Exterior
Fence None
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Concrete,Flat
Present Use Commercial
Building
Story 1
Water Public
Others
Tax ID 292250039
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Submit
Listing Terms Cash, Cash to New Loan, Submit
Special Listing Condition Standard
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Listed by Demetrios Kitakis • Kitakis Realty Inc. • demetrios@kitakisrealty.com