21063 Webster Avenue, Perris, California 92570, Perris, 92570 - 2 bed, 2 bath

21063 Webster Avenue, Perris, California 92570 home-pic-0
ACTIVE$4,145,610
21063 Webster Avenue, Perris, California 92570
2Beds
2Baths
2,428Sqft
133,729Lot
Year Built
1985
Close
-
List price
$4.15M
Original List price
$4.15M
Price/Sqft
$1,707
HOA
-
Days on market
-
Sold On
-
MLS number
SW24134089
Home ConditionFair
Features
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $4.15M(99th), sqft - 2428(57th), beds - 2(5th), baths - 2(43th).

This approximately 3.07 acre property is being offered as part of an Assemblage of four parcels, together totaling approximately 19.07 Acres. The Sale will be contingent on a successful Zoning/Foundation change. The application for a Zoning/Foundation change to Commercial/Industrial use has already been submitted to the County of Riverside. Welcome to 21063 Webster Avenue, a premier real estate offering poised for a lucrative zoning change to Commercial/Industrial, currently submitted for approval by the County of Riverside. This exceptional property presents an unparalleled investment opportunity in the rapidly growing unincorporated area of Perris, CA. Currently, this property is used as a residence, along with a working trucking company. The property includes a residence, and a workshop/storage shed, and a covered workshop. Upon approval of the Zoning/Foundation change, this property, along with the other 3 parcels would offer: • Situated in the heart of Perris, this property benefits from excellent accessibility and visibility, making it an ideal location for a variety of commercial and industrial enterprises. • Spanning 3.07 +/- acres, this expansive lot offers ample space for development, whether for manufacturing, warehousing, retail, or mixed-use purposes. • The property is equipped with essential utilities, including water, and electricity connections, ensuring a seamless transition for future development. • Perris is experiencing significant economic growth, with increasing demand for commercial and industrial spaces. This zoning change positions the property as a key player in the city’s development trajectory. • Conveniently located near major transportation routes, including Interstate 215, providing easy access to surrounding cities and markets. Investment Highlights: • Frontage on Webster Avenue ensures maximum exposure, attracting potential customers and clients. Don’t miss out on this rare opportunity to invest in a property with immense potential, and secure your stake in Perris' thriving commercial and industrial landscape.

Condition Rating
Fair

The property was built in 1985, making it 39 years old. There are no interior images or descriptions of the residence's condition, kitchen, or bathrooms. The listing's primary focus is on the land's potential for commercial/industrial redevelopment, suggesting the existing residential structure is likely outdated and not a key selling feature. Based on its age and the lack of any mentioned renovations, the residence is presumed to be functional but shows signs of being outdated, requiring minor updates or repairs, consistent with a 'Fair' condition.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 133729, living area = 2428.
High Investment Potential: The property is strategically positioned for a lucrative Commercial/Industrial zoning change in a rapidly growing area of Perris, offering significant upside.
Strategic Location & Accessibility: Situated in the heart of Perris with excellent visibility on Webster Avenue and convenient access to major transportation routes, including Interstate 215.
Significant Development Acreage: Spanning 3.07 +/- acres, with potential for assemblage up to 19.07 acres, providing ample space for large-scale commercial or industrial development.
Proactive Zoning Application: An application for Commercial/Industrial zoning change has already been submitted to Riverside County, indicating progress towards unlocking higher value.
Essential Utilities Available: The property is equipped with existing water and electricity connections, facilitating a smoother transition for future development.

Cons

Zoning Contingency & Uncertainty: The sale is explicitly contingent on a successful zoning change to Commercial/Industrial, introducing significant risk and potential delays for the buyer.
Existing Residential Infrastructure: Currently featuring a residence and workshops, these structures would likely require demolition or extensive modification for commercial/industrial use, incurring additional costs.
High Capital Requirement & Risk Profile: The substantial list price for a property whose primary value driver is a future zoning change implies a high capital requirement and a higher risk profile for investors.

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