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Mead Valley 92570
24000 Nuevo Road
$900,000
● Land - Off Market

24000 Nuevo Road

Perris, CA 92570
bedrooms
Studio
bathrooms
0 Bath
$4,812
Est. Monthly

About This Property

OPPORTUNITY ZONE 1/2 mile from the I-215 interchange ALLOWS 60 UNITS PER ACRE!  WATCH aerial video! This is a timely opportunity for an investor or developer to acquire 5.3 acres in Riverside County land with Mixed-Use Zoning, bordering Perris. This is three contiguous parcels together 305-270-030, 305-270-031, 305-270-032 close to the I-215/CA-74 Freeways and Nuevo Road interchange with NO Mello Roos taxes and is exempt from capital gains taxes if held over 10 years.  With water and power next door and sewer in the street in front of the 2nd neighboring parcel, this property is ripe for development.  We are just down the street from Perris Plaza with Walmart, ALDI, Stater Bros, In-N-Out, Chick-Fil-A, Ross, Starbucks, Planet Fitness and so many other neighborhood amenities that make this area perfect for future residents and future growth.  Permitted uses include residential, parks, restaurants, retail, medical offices, and professional services. With conditional approval, additional uses may include hotels, entertainment venues, convenience stores, mobile home parks, and more. Please see OM for a full list of permitted uses.  The population of Perris across the street is increasing, income per capita is increasing, poverty is decreasing, and the number of employed persons is also increasing!

Riverside County is an incredible investment opportunity featuring proximity/access to three major interstates, the nation's busiest port system, Ontario Airport, UPS & FedEx Ground Hubs and BNSF. The area around Nuevo Road and Webster Avenue in Riverside County/Perris, CA is rapidly developing with major commercial and industrial projects.  Nearby, the Perris Gateway Distribution Facility is under construction on 42 acres near I-215, set for completion by August 2025, bringing 855,330 sq ft of warehouse space and 27,000 sq ft of retail including Taco Bell, Starbucks, Shell, and Sonic.  Infrastructure improvements are also underway, including an $8 million upgrade to Ramona Expressway and an expansion of the Perris–South Metrolink Station, adding a second platform and a 2.7-mile track upgrade. With these developments, the region continues to grow as a key logistics and business hub in Southern California. With the ideal zoning and location, this property is great for development or investment. Secure this Opportunity Zone land before it's gone!
Unit Size
-
Days on Market
296 days
Land Size
5.30 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

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Last updated: 3 months ago (CRMLS #CV25225766)

Price History

Date / Event Date Event Price
Jul 23, 2026 Sold
Sold
Jan 9, 2026 In contract -
In contract
Sep 27, 2025 Listed by eXp Realty of Greater Los Angeles $980,000
Listed by eXp Realty of Greater Los Angeles
Mar 1, 2025 Listed $999,000
Listed
OPPORTUNITY ZONE 1/2 mile from the I-215 interchange ALLOWS up to 60 UNITS PER ACRE! WATCH AERIAL VIDEO! This is a timely opportunity for an investor or developer to acquire 5.3 acres in Riverside County land with Mixed-Use Zoning, bordering Perris. This is three contiguous parcels together 305-270-030, 305-270-031, 305-270-032 close to the I-215/CA-74 Freeways and Nuevo Road interchange with NO Mello Roos taxes and is exempt from capital gains taxes if held over 10 years. With water and power next door and sewer in the street in front of the 2nd neighboring parcel, this property is ripe for development. We are just down the street from Perris Plaza with Walmart, ALDI, Stater Bros, In-N-Out, Chick-Fil-A, Ross, Starbucks, Planet Fitness and so many other neighborhood amenities that make this area perfect for future residents and future growth. Permitted uses include residential, parks, restaurants, retail, medical offices, and professional services. With conditional approval, additional uses may include hotels, entertainment venues, convenience stores, mobile home parks, and more. Please see OM for a full list of permitted uses. The population of Perris across the street is increasing, income per capita is increasing, poverty is decreasing, and the number of employed persons is also increasing! Riverside County is an incredible investment opportunity featuring proximity/access to three major interstates, the nation’s busiest port system, Ontario Airport, UPS & FedEx Ground Hubs and BNSF. The area around Nuevo Road and Webster Avenue in Riverside County/Perris, CA is rapidly developing with major commercial and industrial projects. Nearby, the Perris Gateway Distribution Facility is under construction on 42 acres near I-215, set for completion by August 2025, bringing 855,330 sq ft of warehouse space and 27,000 sq ft of retail including Taco Bell, Starbucks, Shell, and Sonic. Infrastructure improvements are also underway, including an $8 million upgrade to Ramona Expressway and an expansion of the Perris–South Metrolink Station, adding a second platform and a 2.7-mile track upgrade. With these developments, the region continues to grow as a key logistics and business hub in Southern California. With the ideal zoning and location, this property is great for development or investment. Secure this Opportunity Zone land before it’s gone!

Property Highlights

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About Mead Valley


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Frequently Asked Questions

When was property at 24000 Nuevo Road built and last sold?
The property at 24000 Nuevo Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 24000 Nuevo Road is $989,800.
What are some comparable homes to 24000 Nuevo Road?
There are currently no comparable homes to 24000 Nuevo Road.