14920 Perris BlvdMoreno Valley, CA 92553

Property Details for 14920 Perris Blvd

Year built

1989

Construction

TILT-UP CONCRETE

Lot size

2.19 AC

Property size (Sq ft)

23,793 SF

Zone code

NC

Property type

Retail properties

Property subtype

Retail space

APN

484-253-032

APU

484253032

Description

This exceptional 438-square-foot retail space is located within the Perris Pavilion shopping center in Moreno Valley, California. Situated at 14920 Perris Blvd, near the intersection of John F. Kennedy Drive and Perris Boulevard, this Class A property offers a high-traffic location within a thriving food court environment. The suite is part of a larger 24,702-square-foot building situated on 2.19 acres of land. The property boasts a single-tenant occupancy and was renovated in 2021. This ground-level space is ideal for a variety of food-related businesses, including but not limited to pastries, cookies, ice cream, drinks, fruits, snacks, craft items, cakes, bakery goods, chocolate, and candy. The property features no elevators, reflecting its single-story design. The property's APN is 484-253-032-7. Current food court tenants include FryNot, Pupuseria Suchitlan con un Toquesito Mexicano, Birrieria & Cenaduria, Red Dragon Express Chinese Food, and Lemon Tree Sushi & Ramen, creating a vibrant and diverse culinary atmosphere. This presents a unique opportunity to establish a successful business in a well-established and popular shopping destination. The property's zip code is 92553.

• CAP approach

  CAP return

  Valuation

  6%

  $9,612,740

  6.5%

  $8,873,298

  7%

  $8,239,491

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,518,045

  Geo Method

  $21,103,544

• Alternative Use

  Use

  Valuation

  Residential

  $7,484,959

  Hospitality

  $6,856,182

  Educational

  $5,704,263

  Medical

  $5,900,442

  Retail

  $8,873,298

Location Insight

City

Moreno Valley

County

Riverside

State

California

Latitude

33.9041

Longitude

-117.225

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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