Thank you
Eric Washle
COLDWELL BANKER COMMERCIAL SC
951-200-7683
The property consists of approximately 0.99 acres (43,125 sqft) located on Olive Wood Plaza Drive in Moreno Valley, CA. The property is adjacent to Highway 60 with excellent visibility and freeway frontage. Electronic billboard signage is allowed as well as building signage. Highway 60 has traffic counts of approximately 120,000 cars per day. The property is located just north of Sunnymead Blvd, one of Moreno Valley’s main retail corridors which has traffic counts of approximately 20,000 cars per day. The property is an infill lot with curb, gutter as well as all utilities, some on the property with the rest in the street. Sewer and water are serviced by EMWD. Surrounding the property are medical offices, restaurants, auto- service retailers, and a hotel. A new hotel is currently going through the city approval process for the 1-acre infill lot to west. The city previously approved Plans and Specifications for a 3 story Class A 21,000 + rentable sf office building on this site. The Extensive frontage on Olive Wood Plaza Drive is extended on site as the building design used provides for an angled front entrance that matches the east side property angle. This creates a striking presentation of the structure as you enter the area from Sunnymead Blvd. While the building is currently designed for 4 per 1,000 parking, resources exist for a 5 per 1,000 parking and upsized gross sf building of approximately 25,000 sf. Please refer to the following pages for renderings and floor plans. Owner is willing to negotiate his rights and associated design team to the utilize the existing plans and specifications that would cut both the design and re-entitlement costs and development timing essentially in half. Entrances on the east and west side have been dedicated to the city.
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Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.97
Lot Size Source: Assessor
Lot Size Square Feet: 42253
Original List Price: 1,225,000
Listing Contract Date: 2023-07-18
Listing Agreement: Exclusive Right To Sell
Parcel Number: 292241015
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 259 - Moreno Valley
Directions: Between Hwy 60 and Olive Wood Plaza Dr
Zoning: Mixed Use
Source Property Type: Land
Area: 259 - Moreno Valley
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
21691 Dracaea, Moreno Valley, CA,92553 | $3,900,000 | -- | -- | -- | 192100 Sqft |
24255 Sunnymead Boulevard, Moreno Valley, CA,92553 | $550,000 | -- | -- | -- | 39640 Sqft |
13051 Lancaster Lane, Moreno Valley, CA,92553 | $1,350,000 | -- | -- | 4,000 | 27007 Sqft |
24233 Sunnymead Boulevard, Moreno Valley, CA,92553 | $345,000 | -- | -- | -- | 13939 Sqft |
13703 Edgemont Street, Moreno Valley, CA,92553 | $2,800,000 | -- | -- | -- | 20473 Sqft |
22557 Adrienne Avenue, Moreno Valley, CA,92553 | $1,050,000 | 4 | 2 | 3,264 | 8276 Sqft |
24340 Fir Avenue, Moreno Valley, CA,92553 | $2,500,000 | -- | -- | -- | 20038 Sqft |
21840 Cottonwood Avenue, Moreno Valley, CA,92553 | $2,699,000 | -- | -- | 5,000 | 260000 Sqft |
13538 Day Street, Moreno Valley, CA,92553 | $150,000 | -- | -- | -- | 4792 Sqft |
21737 Eucalyptus Avenue, Moreno Valley, CA,92553 | $4,900,000 | -- | -- | -- | 117176 Sqft |
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ByOwner last updated this listing 04/30/2024 @ 13:55
MLS: IV23132535
LISTED BY: ERIC WASHLE, COLDWELL BANKER COMMERCIAL SC
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.