0 Juniper Ave And Redlands BlvdMoreno Valley, CA 92555

Property Details for 0 Juniper Ave And Redlands Blvd

Lot size

17.13 AC

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 17.13-acre parcel of residential land presents a compelling investment opportunity in Moreno Valley, California. Located at the intersection of Juniper Ave and Redlands Blvd, this fee-simple property is zoned R1, offering significant potential for development. The asking price is $1,713,000, translating to $100,000 per acre. The property boasts a prime location north of the 60 Freeway within the Rancho Belago community, benefiting from substantial recent and projected economic growth in the area. Moreno Valley has experienced remarkable job creation, exceeding 30,000 positions over the past decade, fueled by major developments such as the World Logistics Center (WLC), a 40.6 million square foot project anticipated to generate a $2 billion annual economic benefit and an additional 20,000 jobs upon its completion (groundbreaking scheduled for Fall 2023). The property's proximity to the Riverside University Health System Medical Center (6,000 employees, $1.6 billion economic impact) and the planned expansion of the Kaiser Medical Center (adding 1,125,000 square feet and 4,000 jobs) further enhances its investment appeal. The property's adjacency to a new 40-acre equestrian facility adds to its desirability. The potential for rezoning to a higher density residential designation presents an attractive opportunity for future development. APN numbers are 473-220-009 & 473-220-010. This is a rare opportunity to acquire a significant land holding in a rapidly growing area.

Location Insight

City

Moreno Valley

County

Riverside

State

California

Latitude

33.9493

Longitude

-117.152

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