Real Estate For Sale in...
 

0 Walther Avenue, Moreno Valley, CA 92555

$398,000
Commercial Property MLS# IV17179690 ID: 46921518
$398,000 Get Rates

i..... LEASE or LEASE OPTION !!!... Investor/Builder/Farmer - "Alert".... This "flat 8 acre" parcel was part of a former "38 acre" landscape nursery. This "out of area" owner needs to move this project ASAP... Now he will lease for $120 per acre ($960 per month) or lease with option to buy at $398,000. Nearby vacant lots (about 9 acres each) are priced at over $1 million (these listings provided upon request)... He will finance the sale with just a $98,000 down payment. The seller will carry the $300,000 balance as a loan (no bank qualifying) at 3% interest only payments of just $750 a month... WOW !!! ..... GREAT ZONING !!!... The Riverside County zoning of "RA-1". This zoning makes it easy to divide this project into 8 "one acre" lots. Then the cost of each "one acre" building site is just $49,750... This project owns the valuable "water rights" for access to an unlimited supply of "free well water" for housing, ranching and/or farming... The cost to connect each lot to the nearby District water is about the same as installing each water well... Zoning permits raising up to 9 horses or any combination of most domestic animals... With unlimited "free well water", this fertile land can earn huge yearly incomes from farming cash crops like "organic produce", "lavender flowers", etc... One "lavender farm" earns a yearly gross income of over $1 million on just "7 acres"... WOW!!!..... LEASE/OPTION ALL 38 ACRES !!!... Lease at $100 per acre option to buy at just $988,000 !!!

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Location Information near 0 Walther Avenue
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Property Features for 0 Walther Avenue
Status
Market Status
Available
Last Updated
December 12, 2017
Description
Property Type
Commercial Property
Sq. Feet
30,000

Location

  • MLS Area: 259 - Moreno Valley

Data Provided by California Regional Multiple Listing Service

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More information about this $398,000 Commercial Property at 0 Walther Avenue

This $398,000 Commercial Property at 0 Walther Avenue in Moreno Valley, CA is offered by Pat O'Brien. This $398,000 Commercial Property, located in the 92555 zip code, has the following property features: MLS Area. This 0 Walther Avenue Commercial Property, located in Riverside County , is listed under MLS listing number IV17179690 and has a listing price of $398,000. You can find more of Pat O'Brien's listings by browsing Pat O'Brien homes for sale at HomesAndLand.com, or even more MORENO VALLEY homes for sale here.