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0 Spruce AVE Moreno Valley, CA 92555
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Key Details
Sold Price $3,200,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Square Footage 300,564 sqft
Price per Sqft $10
MLS Listing ID IG22015539
Sold Date 10/03/22
HOA Y/N No
Lot Size 6.900 Acres
Acres 6.9
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
Exterior
Community Features Suburban
View Y/N 1
View Hills, Mountain(s), Neighborhood
Building
Lot Description Rectangular Lot
Water Public
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.0
TERMS Cash,Owner May Carry
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent,Other
SHOW INSTRUCTIONS Go Direct
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Bought with Realty Masters & Associates