$4,980,000 21685 Cajalco Road Perris, CA

MLS: PW17214804   Type: Land   County: Riverside   City: Perris   Area: Southwest Riverside County   Zip:  

Mortgage $23,380 /mo



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This is TRULY PRICED TO SELL! Perfect for Development of: GAS STATION, CAR WASH, FAST FOOD, RETAIL PADS, SHOPPING CENTER, HIGH-DENSITY RESIDENTIAL on a Signalized Commercial Corner! Property is located in a HUB ZONE. Benefits could be available from the Government. Only $8.75/SqFt for busy CAJALCO EXPRESSWAY in Perris / Mead Valley. 13.08 Acre Mixed-Use-Highway Commercial zoned parcel. Riverside County officials said they envision making this THE MAIN CORNER in downtown Mead Valley. Cajalco/Clark turn lane is being added, County may widen to 4-6 lanes in the future. Perfect for a shopping center along a major thoroughfare. We've received offers for 1-Acre at $1,000,000. Buy the entire parcel at only $8.75 SqFt or $380,800 per acre. Don't want to develop? There's still a great opportunity to create a site plan, get entitlements for a Gas Station/Car Wash/Fast Food/retail pads on Cajalco or a Supermarket along with High-Density Residential in the rear of the property and sell the pieces of the pie for potentially, MILLION$ in profit. County told the owners they would like to see this corner as similar to downtown Temecula. Possible JOINT VENTURE with Shopping Center Builder. Build to Suit. or Land LEASE is possible. Submit offers. 2-miles from 215 Freeway on Cajalco. Home developments are popping up and Cajalco Expressway between 15-Freeway and the 215-Freeway is developing daily! Traffic count has gone up significantly. Right in the path of progress!

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Price History

9/16/2017 Listed $9,500,000
7/30/2018 3% - $9,300,000
9/26/2018 20% - $7,500,000
12/6/2018 23% - $5,800,000
3/6/2019 11% - $5,200,000
4/29/2019 5% - $4,990,000
6/24/2019 1% - $4,980,000

Association Y/N No
Community Features Suburban
Directions North East Corner of Clark and Cajalco in Mead Valley (Perris).
HOA Fee 0.00
Listagentaor Pacific West
Listing Agent Jack Rosemary - BRE#00858902
Listing Agent State License 00858902
MLS Area SRCAR - Southwest Riverside County
Price Per Square Foot 8.58
Senior Community Y/N No
Source System CRMLS
Special Listing Conditions Standard
Zoning C-P-S Mixed-Use

Interior Features

Utilities Cable Available, Electricity Available, Natural Gas Available, See Remarks, Sewer Available

Exterior Features

Fencing Chain Link
Land Lease Y/N No
Lot Features Corner Lot, Lot Over 40000 Sqft, Irregular Lot, Rectangular Lot, Level, Near Public Transit
Lot Size Acres 13.3200
Lot Size Area 580219.0000
Lot Size Source Assessor
Lot Size Square Feet 580219.00
Lot Size Units Square Feet
Road Frontage Type County Road, Highway
Road Surface Type Maintained, Paved
Usable Land Percent 100
View Mountain(s)
Water Source Public

Property Schools

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Property vs Zip Code Avg ()

Price 4.98M Avg 0

Acres 13.32 Avg 0

Visits 814 Avg 0

Days on Site 797 Avg 18,223

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Listing Provided Courtesy Of: Jack Rosemary with Jack Rosemary, Broker.

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Location & Address

Team Saldana
28581 Front Street
Temecula, CA

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