0 Spruce Avenue, Moreno Valley CA, 92555

Sold

0 Spruce Avenue

Moreno Valley CA, 92555

$3,200,000

$10.65 per sqft

Sold

6.9 Acres

Land

Listed by Robert Mendez with Realty Masters & Associates 951-384-6600

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.

IG22015539

MLSⓇ ID

January 27, 2022

Listed

March 23, 2024

Updated

Map

0 Spruce Avenue
Moreno Valley CA, 92555

Exterior/Building Features

Lot Size: 6.9 Acres
Lot Features: Rectangular Lot

Other Property Details

Area Name: 259 - Moreno Valley
Days on Market: 151
Garage: No
View: Yes
View Description: Hills, Mountain(s), Neighborhood
County: Riverside
Water Source: Public
Pool: No
Zoning: H-OC
Buyer Agency Compensation: 2%

Listing Contact: 951-384-6600

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:39 AM UTC