24002 Nuevo Road, Perris, CA 92570 (Sold on )

Property Description

One of three contiguous parcels sold together or separately, this 1.63 acre parcel is the middle parcel on Webster Ave. north of Nuevo Rd. and in an OPPORTUNITY ZONE 1/2 mile from the I-215 interchange which ALLOWS 60 UNITS PER ACRE! WATCH aerial video! This is a timely opportunity for an investor or developer to acquire land with Mixed-Use Zoning, bordering Perris, close to the I-215/CA-74 Freeways and Nuevo Road interchange with NO Mello Roos taxes and is exempt from capital gains taxes if held over 10 years. With water and power next door and sewer in the street in front of the 2nd neighboring parcel, this property is ripe for development. We are just down the street from Perris Plaza with Walmart, ALDI, Stater Bros, In-N-Out, Chick-Fil-A, Ross, Starbucks, Planet Fitness and so many other neighborhood amenities that make this area perfect for future residents and future growth. Permitted uses include residential, parks, restaurants, retail, medical offices, and professional services. With conditional approval, additional uses may include hotels, entertainment venues, convenience stores, mobile home parks, and more. Please see OM for a full list of permitted uses. The population of Perris across the street is increasing, income per capita is increasing, poverty is decreasing, and the number of employed persons is also increasing! The other two contiguous parcels that are being sold are 305-270-031 and 305-270-032. Riverside County is an incredible investment opportunity featuring proximity/access to three major interstates, the nation’s busiest port system, Ontario Airport, UPS & FedEx Ground Hubs and BNSF. The area around Nuevo Road and Webster Avenue in Riverside County/Perris, CA is rapidly developing with major commercial and industrial projects. Nearby, the Perris Gateway Distribution Facility is under construction on 42 acres near I-215, set for completion by August 2025, bringing 855,330 sq ft of warehouse space and 27,000 sq ft of retail including Taco Bell, Starbucks, Shell, and Sonic. Infrastructure improvements are also underway, including an $8 million upgrade to Ramona Expressway and an expansion of the Perris–South Metrolink Station, adding a second platform and a 2.7-mile track upgrade. With these developments, the region continues to grow as a key logistics and business hub in Southern California. With the ideal zoning and location, this property is great for development or investment. Secure this Opportunity Zone land before it’s gone!