21737 Eucalyptus Ave 2.69 Acres of Commercial Land Offered at $4,986,864 CAD in Moreno Valley, CA 92553

Prime Location major offramp I-215 Eucalyptus Ave, Moreno Valley
Investment Highlights
• Prime location I-215 offramp Eucalyptus Ave with strong traffic counts
• High visibility corner lot 2.69 acres. Value-add opportunities through redevelopment
• Located in a growing market within Moreno Valley
• Less than 5 miles from UC Riverside Campus and March Air Reserve Base
• Opportunity for owner-user or investor. Long-term appreciation in a growing corridor
• The property currently features an existing 2-bedroom 1 bath single family residence along with additional on-site structures, offering flexibility for interim use, rental income during the planning, and approval process
PROPERTY OVERVIEW
This property is strategically located along a major corridor in Moreno Valley, offering excellent exposure and accessibility.
The site is well-suited for a variety of commercial, multifamily, retail and office-related developments, including professional offices, medical uses, and supporting neighborhood services. Its proximity to major thoroughfares and surrounding residential, commercial, retail and industrial growth further enhances its long-term development potential.
Site is ideally positioned, directly across from the Newly Built Gated Community, Villa Camille Apartments, a modern multifamily complex built in around 2017 comprised of approximately 112 units. This proximity provides strong residential density, enhancing the property’s long-term value and potential.
The site is well-suited for along with many other developments and uses
• Apartment Units, Condos, Senior Complex, single family-multi family
• Day care, Retail stores, storage, Fitness Center, Wellness Studios
• Restaurants / cafés (usually limited, no heavy drive-thru)
• Professional office buildings (medical, dental, legal, financial)
• Corporate or administrative offices, Business parks / office campuses
• Clinics and outpatient medical services. Government or institutional offices
• The property is currently zoned (OC) Office Commercial. Some developments may require Conditional Use Permit (CUP). Prospective buyers are advised to independently verify all permitted uses and development standards with the City and consult with their professional advisors regarding their specific intended use.
The surrounding area consists of a mix of apartments, residential neighborhoods, retail centers, and commercial developments, providing a steady customer base and strong traffic flow.
LOCATION AND MARKET OVERVIEW
Area Highlights
• Rapid population growth in Moreno Valley and surrounding Inland Empire markets
• Proximity to major freeways including CA-60 and I-215
• Strong demographics with increasing household income and density
• Nearby national retailers and service businesses driving consistent traffic
• Minutes away from Moreno Valley Mall, Costco, Best Buys, Walmart Super Center, WinCo, Macys, JC Penney, Many other Retail Centers, Restaurants
• High commuter population. Increasing vehicle ownership
• This creates a favorable environment for both owner-operators and investors seeking stable cash flow opportunities