Description

A pair of two contiguous parcels sold together, this is 3.08 acres on Webster Ave. north of Nuevo Rd. and in an OPPORTUNITY ZONE 1/2 mile from the I-215 interchange which ALLOWS 60 UNITS PER ACRE! WATCH aerial video! This is a timely opportunity for an investor or developer to acquire land with Mixed-Use Zoning, bordering Perris, close to the I-215/CA-74 Freeways and Nuevo Road interchange with NO Mello Roos taxes and is exempt from capital gains taxes if held over 10 years. With water and power next door and sewer in the street in front of the 2nd neighboring parcel, this property is ripe for development. We are just down the street from Perris Plaza with Walmart, ALDI, Stater Bros, In-N-Out, Chick-Fil-A, Ross, Starbucks, Planet Fitness and so many other neighborhood amenities that make this area perfect for future residents and future growth. Permitted uses include residential, parks, restaurants, retail, medical offices, and professional services. With conditional approval, additional uses may include hotels, entertainment venues, convenience stores, mobile home parks, and more. Please see OM for a full list of permitted uses. The population of Perris across the street is increasing, income per capita is increasing, poverty is decreasing, and the number of employed persons is also increasing! The other contiguous parcel being sold is 305-270-032. Riverside County is an incredible investment opportunity featuring proximity/access to three major interstates, the nations busiest port system, Ontario Airport, UPS & FedEx Ground Hubs and BNSF. The area around Nuevo Road and W

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