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Riverside CA 92503 La Sierra AveRiverside, CA 92503

8+ Acres, High-Traffic Location, Development Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 8.17-acre commercial land parcel presents a unique investment opportunity in Riverside, CA. Situated at the corner of La Sierra Ave and El Sobrante Rd, this property boasts a prime location with high visibility and significant daily traffic counts exceeding 23,000 vehicles. Currently zoned W-2 (controlled development use), the site offers considerable flexibility for various commercial ventures. A previous application for a self-storage facility was underway and received positive feedback from Riverside County. The property is ideally positioned to serve the burgeoning residential communities of Lake Hills Reserve, Lake Mathews, Victoria Grove, and the newly completed Estates at Highland Grove (260+ homes). The lack of comparable commercial development in the immediate vicinity creates a compelling opportunity for a retail shopping center or a self-storage facility, potentially incorporating RV/boat storage. Extensive due diligence materials are available for qualified buyers, reflecting significant progress on entitlements (approximately 50% complete for self-storage). The APN is 270-190-017. This is a rare chance to capitalize on a high-demand location and create a thriving commercial development. Permitted uses, as outlined in supplemental documents, include RV/trailer storage, boat storage, mobile home parks, and recreational parks. The adjacent properties are owned by Riverside County and the Municipal Water District.

Highlights

  • 8.17-acre corner lot in Riverside, CA, at La Sierra Ave and El Sobrante Rd.
  • High-traffic location with over 23,000 cars per day (CPD).
  • Extensive due diligence package available; 50% of entitlements complete for self-storage.
  • Potential for self-storage facility with RV/boat storage; retail shopping center also feasible.
  • Strong demand driven by nearby new residential communities (Lake Hills Reserve, Lake Mathews, Victoria Grove, Estates at Highland Grove).
  • Zoning change to C-1/C-P in process.

Property Details for Riverside CA 92503 La Sierra Ave

Property type
Land
Lot Size (sq. ft)
355,885 SF

Location Insight

City
Riverside
County
Riverside
State
California
Latitude
33.858818907895
Longitude
-117.45348475251
Riverside CA 92503 La Sierra Ave, Riverside, California

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Riverside CA 92503 La Sierra Ave
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