Description
PRIME DOWNTOWN PERRIS DEVELOPMENT OPPORTUNITY! Three contiguous vacant parcels totaling approximately 3 acres, located near 7th Street & G Street and being sold together. Situated within the Downtown Perris Specific Plan - Urban Village district, offering excellent potential for high-density residential and mixed-use development. Urban Village development concepts include 3-5 story stacked flats, rowhouses, courtyard housing, live/work units, and mixed-use buildings with residential above ground-floor commercial uses. City planning documents indicate Urban Village zoning may accommodate densities up to approximately 35 dwelling units per acre, providing the potential for a significant multifamily development. Current preliminary estimates suggest 54+ units may be possible, subject to City approval and site design. City of Perris Flat, vacant land with street frontage and no existing structures offers a strong infill development opportunity in the heart of Perris. Conveniently located near Downtown Perris, shopping, restaurants, schools, Metrolink, major transportation corridors and freeway access. APNs 310-090-003, 310-090-004 & 310-090-005. All three parcels are being sold together for $2,100,000. No development plans or entitlements are currently in place. Buyer and buyer's agent to independently verify zoning, acreage, allowable density, unit count, permitted uses, utilities, development standards and all development potential with the City of Perris and appropriate agencies.
Details
| MLS # | IV26199828 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 46 |
| Listing Provided By | North South Realty | GREGG HOLT |
Features
| SQ Feet | 900 |
|---|---|
| Acreage | 3.00 |
Exterior
| Lot Features | Street Level |
|---|
Utilities
| Utilities | Water Not Available |
|---|
Area Information
| State | CA |
|---|---|
| County | Riverside |
| City | Perris |
| Zip Code | 92570 |
| Area | SRCAR Southwest Riverside County |
| Listing VS Median (in 92570) | |
Price: $2,100,000 low | high Med: $630,788 sqft: 900 low | high Med: 2,332 $ / sqft: $2,333 low | high Med: $271 On site: 46 low | high Med: 45 | |
Market Activity 92570
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Learn More About This Property
| State | CA |
|---|---|
| County | Riverside |
| City | Perris |
| Zip Code | 92570 |
| Area | SRCAR Southwest Riverside County |
| Listing VS Median (in 92570) | |
Price: $2,100,000 low | high Med: $630,788 sqft: 900 low | high Med: 2,332 $ / sqft: $2,333 low | high Med: $271 On site: 46 low | high Med: 45 | |
