For Sale
$1,400,000

24515 Alessandro Blvd Moreno Valley, CA 92553

Prime Retail Investment, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional retail property, located at 24515 Alessandro Blvd, Moreno Valley, CA 92553, presents a rare opportunity to own a thriving bank with a drive-thru. The 7,023 square foot building sits on a highly visible, signalized corner with approximately 48,430 cars passing daily, ensuring maximum exposure. The property features two units, offering flexibility for expansion or supplemental income. Situated in a rapidly growing market, Moreno Valley boasts an annual growth rate of 3.44%, making it one of the fastest-growing cities in the region. With a population of 165,800 residents and an average household income of $91,700 within a 3-mile radius, this location offers a strong demographic profile. Moreno Valley's thriving industrial sector, home to major companies like Amazon, Home Depot, and Lowe's, contributes to a significant daytime population. Monument signage is included, enhancing visibility and brand recognition. The property's strategic location near a regional industrial hub further strengthens its investment potential. The asking price is $1,400,000. Financing options are available through the Small Business Administration, with down payments as low as 10%. A potential monthly gross rent of $5,200 from a secondary suite significantly reduces the effective cost of occupancy. This presents a compelling opportunity to own rather than lease, benefiting from potential asset appreciation and significant cost savings compared to leasing.

Property Details for 24515 Alessandro Blvd

Property type
Retail properties, Drive through restaurants
Square Feet
7,023 SF
Units
2

Location Insight

City
Moreno Valley
County
Riverside
State
California
Latitude
33.9167834
Longitude
-117.2346335

FAQs

What type of property is this?
Retail property - Prime Retail Investment, High Traffic Area
Where is the retail property located?
The property is located at 24515 Alessandro Blvd Moreno Valley, CA.
What is the asking price?
The asking price for this property is $1,400,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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24515 Alessandro Blvd
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