Moreno Valley, CA 92555,0 Spruce AVE
$3,200,000
$4,999,500
36.0%
Est.Price: ?

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6.9 Acres Lot

0 Spruce AVE Moreno Valley, CA 92555

Est. payment /mo
SOLD DATE : 10/03/2022

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Key Details

Sold Price $3,200,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID IG22015539

Sold Date 10/03/22

HOA Y/N No

Lot Size 6.900 Acres

Property Description

Great Opportunity for Investors to Develop nearly 7 acres for a state-of-the art Project with Prime 60 Freeway Visibility totaling up to 145,964 Cars Per Day according to MPSI County Estimation. Property is currently zoned Highway Office Commercial (H-OC). The Highway Office/Commercial district is a regional gateway between Moreno Beech Dr and the recently approved WORLD LOGISTICS CENTER - the Largest industrial Logistics Business Park in California history (40.6 million SF). Some Allowed Uses in H-OC include: Professional Office Building, Equipment Sales/Repair, Convenience Stores, Hospital/Medical Facility, RV Sales, Truck Sales/Repair, Retail, and more. See permitted uses table in Supplements. With a steadily growing population of over 215k current residents, an annual growth rate of 3.9%, and 2.4 Million people within 20 mile radius, Moreno Valley is becoming one of the fastest growing cities in all of California. More industries and jobs expected as with many Brand New Developments happening within close proximity.

Location

State CA

County Riverside

Area 259 - Moreno Valley

Zoning H-OC

Interior

Fireplace No

Exterior

Community Features Suburban

View Y/N Yes

View Hills, Mountain(s), Neighborhood

Building

Lot Description Rectangular Lot

Water Public

New Construction No

Others

Senior Community No

Tax ID 488300002

Acceptable Financing Cash, Owner May Carry

Listing Terms Cash, Owner May Carry

Financing Cash

Special Listing Condition Standard

Lease Land No

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CRMLS – RECore
Listed by Robert Mendez Realty Masters & Associates
Bought with Robert Mendez Realty Masters & Associates
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agent

Sandy Dabbs

Agent | License ID: 02120617

+1(714) 287-9983

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