Lakeshore Village Marketplace 23575 Sunnymead Ranch Pky 45,750 SF 26% Leased Retail Building Moreno Valley, CA 92557 $19,542,879 CAD ($427.17 CAD/SF)

Lakeshore Village Marketplace is an approximately ±79,987 SF neighborhood shopping center located at the primary entrance of the prestigious Sunnymead Ranch community in North Moreno Valley. Highly visible and positioned on a substantial ±10.34-acre parcel, the property includes an additional ±2.3 acres of undeveloped land, offering a rare opportunity for future ground-up construction, expansion, or new income-generating uses such as medical offices, drive-thru pads, educational facilities, retail pads, or professional services.
The center features a durable mix of daily-needs and service-oriented tenants—including Dollar Tree, restaurants, a Bank of America ATM, dental, beauty, and fitness operators—ensuring consistent consumer traffic and stable neighborhood demand. Strong surrounding demographics further support long-term performance, with 192,986 residents within a 5-mile radius and a 3-mile average household income of $86,748, driven by the large, well-established single-family communities surrounding the Sunnymead Ranch private lake.
A key highlight of the asset is the ±33,750 SF former grocer anchor box, currently vacant and offering exceptional repositioning flexibility. The space is well suited for re-tenanting, subdivision, or conversion to grocery, specialty retail, medical, fitness, education, or entertainment uses. The space has already attracted interest from a national retailer, presenting immediate upside potential for the next owner.
With its irreplaceable location, strong community-driven demand, substantial development land, and highly flexible anchor box, Lakeshore Village Marketplace represents a compelling opportunity for 1031 exchange buyers, value-add investors, and long-term holders seeking a stable, community-anchored retail asset with significant future growth potential in one of Moreno Valley’s most established neighborhoods.