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0 Bay Ave And Moreno Bch DrMoreno Valley, CA 92555

Prime 21-acre commercial site, 499-unit entitlement.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 21.19-acre commercial land parcel, located in Moreno Valley, California, presents a remarkable investment opportunity. Situated at the intersection of Bay Avenue and Moreno Beach Drive (zip code 92555), this fee-simple property boasts a Community Commercial District (CC) zoning designation. The property's APN is 478-060-004, 016, 017, 018, 019, 022, 023 & 024. Currently, entitlements are in place for a 499-unit multi-family housing development. This prime location benefits significantly from recent infrastructure improvements, including the completion of a new freeway interchange on Moreno Beach Drive in 2024. Moreno Valley's robust economic growth is evident in the creation of over 30,000 jobs in the past decade, with an additional 20,000 jobs anticipated from the upcoming World Logistics Center (WLC) project, slated to begin construction in 2025. The property's proximity to major employers further enhances its value. These include the Riverside University Health System Medical Center (6,000 employees, $1.6 billion economic impact) and the expanding Kaiser Medical Center project, which will add 1,125,000 square feet of medical services and create 4,000 new jobs. The WLC project alone is projected to generate a $2 billion annual economic benefit. This property offers unparalleled potential for significant returns in a rapidly growing market.

Highlights

  • Prime 21.19-acre apartment site in Moreno Valley, CA.
  • 499-unit multifamily housing project currently entitled.
  • Adjacent to the new Moreno Beach Drive freeway interchange (completed 2024).
  • Moreno Valley has added over 30,000 jobs in the last decade.
  • 20,000+ additional jobs projected from the upcoming World Logistics Center (WLC) project (groundbreaking 2025).
  • Near Riverside University Health System Medical Center (6,000 employees, $1.6B economic impact).

Property Details for 0 Bay Ave And Moreno Bch Dr

Property type
Land
Lot Size (sq. ft)
923,036 SF

Location Insight

City
Moreno Valley
County
Riverside
State
California
Latitude
33.917404669564
Longitude
-117.17391295302
Bay Ave And Moreno Bch Dr, Moreno Valley, California

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0 Bay Ave And Moreno Bch Dr
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