24657 State Highway 74

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24657 State Highway 74

Perris, CA 92570
Asking Price
$550K
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Parcel spans 2.6 acres of land for development.
  • Property is listed for sale at 550000 dollars.
  • Site located at 24657 State Highway 74 in Perris.
  • Strategic position within the growing Inland Empire submarket.
  • Flexible acreage suitable for varied commercial or industrial uses.

What's Special

Development potential defines this 2.6-acre land parcel situated at 24657 State Highway 74 in Perris, California. The site occupies a strategic position within the Inland Empire, a region recognized for its robust logistics infrastructure and consistent population growth. Investors and developers can explore various commercial or industrial use cases suitable for this expansive footprint, leveraging the connectivity provided by the nearby state highway system. The area supports a diverse mix of economic activities, ranging from warehousing and distribution to local retail services, reflecting the broader industrial character of this Southern California submarket. With its significant size and accessible location, the property serves as a blank canvas for projects requiring flexible acreage to accommodate modern operational needs. Prospective buyers will find this asset well-positioned to benefit from the ongoing development patterns characterizing the Perris corridor.

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NOI
$80,000
Cap Rate
14.55%
DSCR
2.45
Strong
Cash-on-Cash
28.70%
Monthly Payment
$2,721.1
Annual Cash Flow
$47,346.801

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