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$ 5,470,000
Est. payment /mo
New
13860 Nason Moreno Valley, CA 92555
6.19 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26197555
HOA Y/N No
Lot Size 6.190 Acres
Property Description
**6.19± ACRES | DOWNTOWN CENTER | MULTIFAMILY DEVELOPMENT OPPORTUNITY | MORENO VALLEY**
**Prime 6.19± acre development opportunity directly across from the new Lewis Downtown Center at Nason Street and Alessandro Boulevard.** Located in Moreno Valley's Downtown Center Zoning with no density limit. this exceptional site offers a developer the rare opportunity to acquire a substantial, strategically located parcel with multiple development options. The property has already been studied for a **190-unit multifamily development**, providing a potential starting point for a developer looking to move forward with an existing concept. or a **blank slate** for a developer to create its own vision and maximize the site's tremendous potential.
Situated and bordering three streets**, the property offers excellent access, frontage, visibility and design flexibility that is difficult to find in a site of this size. Its location directly across from the planned **Lewis Downtown Center** creates significant long-term upside as the surrounding area develops into one of Moreno Valley's major mixed-use destinations.
The property is also currently generating approximately **$12,000 per month in income**, providing the opportunity to **bank the property and collect income while the Downtown Center continues to develop**, or move forward with a multifamily project now.
**2 strategies:**
• Move forward:** Utilize the existing 190-unit multifamily concept or develop your own higher-density design.
• Bank and hold:** Acquire the property, collect approximately $12,000/month in current income, and benefit from the continued development of the surrounding Downtown Center.
The location is approximately **one mile from Riverside University Medical Center and Kaiser Permanente**, providing convenient access to major employment, healthcare and transportation corridors.
This is an opportunity to control a significant piece of land in one of Moreno Valley's most important emerging development areas—with an existing income stream, an existing multifamily concept, and substantial flexibility for a developer to pursue its own vision.
**6.19± Acres | Downtown Center | Potential 190 Units | $12,000± Monthly Income | Across from Lewis Downtown Center | Multifamily Development Opportunity** Also available to buy only 3 acres with houses on Larkmead court for 3.4 M. generating 9k per month.* Buyer to do their own diligence and verification of these estimates.
**Prime 6.19± acre development opportunity directly across from the new Lewis Downtown Center at Nason Street and Alessandro Boulevard.** Located in Moreno Valley's Downtown Center Zoning with no density limit. this exceptional site offers a developer the rare opportunity to acquire a substantial, strategically located parcel with multiple development options. The property has already been studied for a **190-unit multifamily development**, providing a potential starting point for a developer looking to move forward with an existing concept. or a **blank slate** for a developer to create its own vision and maximize the site's tremendous potential.
Situated and bordering three streets**, the property offers excellent access, frontage, visibility and design flexibility that is difficult to find in a site of this size. Its location directly across from the planned **Lewis Downtown Center** creates significant long-term upside as the surrounding area develops into one of Moreno Valley's major mixed-use destinations.
The property is also currently generating approximately **$12,000 per month in income**, providing the opportunity to **bank the property and collect income while the Downtown Center continues to develop**, or move forward with a multifamily project now.
**2 strategies:**
• Move forward:** Utilize the existing 190-unit multifamily concept or develop your own higher-density design.
• Bank and hold:** Acquire the property, collect approximately $12,000/month in current income, and benefit from the continued development of the surrounding Downtown Center.
The location is approximately **one mile from Riverside University Medical Center and Kaiser Permanente**, providing convenient access to major employment, healthcare and transportation corridors.
This is an opportunity to control a significant piece of land in one of Moreno Valley's most important emerging development areas—with an existing income stream, an existing multifamily concept, and substantial flexibility for a developer to pursue its own vision.
**6.19± Acres | Downtown Center | Potential 190 Units | $12,000± Monthly Income | Across from Lewis Downtown Center | Multifamily Development Opportunity** Also available to buy only 3 acres with houses on Larkmead court for 3.4 M. generating 9k per month.* Buyer to do their own diligence and verification of these estimates.
Location
State CA
County Riverside
Area 259 - Moreno Valley
Zoning DC Downtown Center
Interior
Fireplace No
Exterior
Community Features Suburban, Urban
Utilities Available Electricity Available, Natural Gas Available
View Y/N No
View None
Building
Lot Description 6-10 Units/Acre, Flat
New Construction No
Others
Senior Community No
Tax ID 488210011
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Subject To Other
Listing Terms Cash, Cash to New Loan, 1031 Exchange, Subject To Other
Special Listing Condition Standard
Listed by Mark Testa Sellers Net Inc 800-949-2510, DRE #01022131