$4,800,000

21685 Cajalco Road

Perris CA, 92570

Description

TRULY PRICED TO SELL! Zoned Mixed Use. Perfect for Development of: GAS STATION (with CUP), CAR WASH, FAST FOOD, RETAIL PADS, SHOPPING CENTER, HIGH-DENSITY RESIDENTIAL. Signalized Commercial Corner the county is envisioning as the MAIN DOWNTOWN CORNER when Mead Valley becomes a city! Located in a FEDERAL HUB ZONE. Benefit$ could be available from the Government. Only $8.42/SqFt. CAJALCO EXPRESSWAY is a major thoroughfare. 13.08 Acre Mixed-Use-Highway Commercial zoned parcel. Estimated to be approximately 40,000 Cars per day traveling on Cajalco. A right turn lane is scheduled to be built at the corner of Cajalco/Clark and 7 other intersections along Cajalco. Riv County may widen to 4-6 lanes in the future. We've received offers for 1-Acre at $1M and 2-acres for $2M. Buy the entire parcel at only $8.42 SqFt or $367k per acre. Possible to create a site plan, get entitlements for retail pads along with High-Density Residential in the rear of the property and sell the pieces of the pie for potentially, MILLION$ in profit. County told the owners they would like to see this corner as similar to downtown Temecula. Possible JOINT VENTURE with a developer or Shopping Center Builder. Build to Suit. or Land LEASE is possible. Submit offers. 2-miles from 215 Freeway on Cajalco. Home developments are popping up and Cajalco Expressway between 15-Freeway and the 215-Freeway is developing daily! Traffic count has gone up significantly. Right in the path of progress!

Details

MLS#PW17214804
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site749

Features

ZoningC-P-S Mixed-Use
Acreage13.08
Property ViewYes

Market Activity 92570

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Area Information
StateCA
CountyRiverside
CityPerris
Zip Code92570
AreaSRCAR - Southwest Riverside County
Listing VS Median (in 92570)
Price:
$4,800,000
low | high
Med:
$345,500
100% of Average
On Site:
749
low | high
Med:
58
100% of Average
Listing Updated: December 14, 2020 2:38:20 AM PST
Jack Rosemary LogoMLS Number: PW17214804
Listing Provided By:
Jack Rosemary  of  Jack Rosemary Broker
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