Serrano Heights SFR - Development Opportunity

◉ The property is located in Moreno Valley, a city in Riverside County, California, known for its diverse economy and business friendly environment. A nearby property address to use for navigation purposes is 25890 Kalmia Ave., Moreno Valley, CA 92557. ◉ The Subject property is sandwiched between Ridgemont Drive and Lasselle Street. Going North on Slawson Ave., turn right on Kalmia Ave. and entry down the street on the left. ◉ Moreno Valley is home to major distribution centers for companies like Amazon, Procter & Gamble, and Aldi, making it a hub for logistics and e-commerce industries. ◉ The area offers access to major transportation routes, including the 215 and 60 freeways, facilitating connectivity to other parts of Southern California. ◉ Moreno Valley has a growing population, providing a potential customer base for businesses looking to establish a presence in the area. ◉ The property is situated near the Moreno Valley Mall, a popular shopping destination with a variety of retail stores, restaurants, and entertainment options.TENTATIVE TRACT MAP ◉ A Tentative tract map was approved by the City of Moreno Valley for 83 SFR lots. The Seller allowed the TTM to expire, creating an opportunity for the Buyer to revise the site plan and potentially increase the lot count.