19255 Wood RdPerris, CA 92570

This exceptional 140-acre parcel, located at 19255 Wood Rd, Perris, CA 92570, presents a significant investment opportunity for residential development. The property, identified by APN 321-110-013, 018, 019, 020, 025, 026 and 027, is zoned R-A-1/2, allowing for residential development. The land is priced at $125,000 per acre, totaling an asking price of $17,500,000. Situated in Riverside County within the Lake Mathews/Woodcrest Area Plan, the property falls under the County of Riverside jurisdiction and is designated as RC-LDR (Rural Community-Low Density Residential) in the General Plan, with a minimum lot size of 1/2 acre. Prospective buyers should be aware that development approvals are contingent upon closing escrow. The seller is willing to cooperate with the buyer throughout the entitlement process, including any necessary zone changes and general plan amendments. This presents a unique chance to acquire a substantial tract of land with significant potential for residential development in a rapidly growing area. The property's size and zoning make it ideal for a large-scale residential project. Serious inquiries only.