NEC La Sierra Ave & El Sobrante Rd, Riverside, CA 92503
Self Storage CUP in Process
Marketing description
Calling all Skilled Developers & Investors, this is a rare corner lot with a great Commercial Development Opportunity! This 8+ acre property is nestled in the middle of several under-served high-end residential communities such as the Prestigious Lake Hills Reserve, Lake Mathews, and Gated Victoria Grove Communities. In addition, Pulte Homes is just finishing up their 2023-2024 new built community known as the Estates at Highland Grove which involves over 260 brand new homes. This potential Commercial Development will have little-to NO COMPETITION as the surrounding communities are in dire need of local Retail Shopping Centers, with opposite corners belonging to county of Riverside and MWD. Both La Sierra Ave and El Sobrante Rd are major thoroughfares in this area of Riverside county and both produce heavy traffic with high visibility. Property is currently zoned W-2 which is controlled development use. Please see attached permitted uses in the Supplements. Some uses allowed via CUP Include: RV/Trailer Storage,Boat Storage, Mobile Home Park, Recreational Parks. Previous developer was in process for Self Storage Facility that was welcomed by the county of Riverside. Due Diligence Vault is available for qualified Buyers to potentially finish the entitlement or revert to another use.
Investment highlights
Corner Lot
Over 23K CPD
Many Reports and Studies Completed
Potential for Sel-Storage + RV/Boat Storage
Also Potential for Retail Shopping Center
Many New Homes in area
Zone change to C-1/C-P In process
Due Diligence available for serious developers
Entitlements approx 50% complete for self storage use
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