Description

Prime Retail Development Opportunity – This 27.66-acre parcel of raw land presents an ideal site for a shopping center, big-box store, or similar retail development. Zoned Calimesa Specific Plan Zone C-R (Regional Commercial) with a FAR of 0.75:1, the property enjoys a fantastic Cherry Valley location with direct access to I-10 freeway on/off-ramps and proximity to Yucaipa, Beaumont, and Oak Glen. It is 10 miles from Redlands and 32 miles from Palm Springs, with Big Bear and Lake Arrowhead also nearby. The Calimesa Planning Department has recently approved two retail developments on comparable parcels, measuring 75,000 SF and 575,000 SF. The seller retains the right to a leaseback for up to six months at a nominal rent of $1 per month. The existing structure is one story, built in 1978.