Huge Development for Multi-Family & Mixed-Use Commercial

Ramona Expressway and Cooks Ave San Jacinto, CA 92583

Ramona Expressway and Cooks Ave, San Jacinto, CA, 92583
Ramona Expressway and Cooks Ave, San Jacinto, CA, 92583 Ramona Expressway and Cooks Ave, San Jacinto, CA, 92583 Ramona Expressway and Cooks Ave, San Jacinto, CA, 92583
FOR SALE
Property Type:
Multifamily Land
Amount:
$2,685,000
Last Verified:
Aug 08, 2024

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Highlights

  • - Zoned for High-Density Residential and Mixed Use Commercial
  • - Prime location at Ramona Expressway and Cooks Ave
  • - Ideal for Multifamily Residential Development (10-36 unit p/a)
  • - Opportunity for Mixed-use Commercial projects
  • - Proximity to Essential Amenities and Transportation
  • - High Rental Demand in the area
  • - Flexible Development Options for Diverse Investment Strategies
  • - Favorable Market Conditions for Multifamily Ventures

Description

Introducing an exceptional investment opportunity at the crossroads of potential and possibility.
This versatile 12.31± AC property, zoned for High-Density Residential and Mixed Use Commercial, offers an ideal canvas for ambitious developers and multifamily investors. Strategically located in the sought-after San Jacinto area, this prime real estate boasts the potential to capitalize on a thriving market and cater to diverse urban living and commercial needs.
Don't miss the chance to shape the future of this vibrant community with a strategic investment in this promising property.

Located in the City of San Jacinto, Riverside County California with the Soboba Casino Resort, Soboba Golf Course and Soboba Hot Springs at the next exit off Ramona Expressway from our property.

This three parcel, 12.31± AC offering sits along the highly-visible, highly-trafficked Ramona Expressway, the gateway to Moreno Valley, Beaumont, Hemet and area cities.

All three parcels have full frontage along Ramona Expressway.

In 2021, we sold DR Horton, America's largest home builder, 371 Single Family home lots across the Ramona Expressway at Vernon Ave., and to date all 371 homes have all been built.

TRAFFIC COUNT: March 2022
San Jacinto Ave/Ramona Expressway: 22,501 (weekly)

The city of San Jacinto is near several major freeways & highways; Hwy 79, Hwy 74 (Ortega Highway), 60 Freeway (Pomona/Moreno Valley), 215 Freeway (Riverside/Barstow).

Lot Size: 12.31 acres

Map of Ramona Expressway and Cooks Ave, San Jacinto, CA, 92583

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.