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Listed by RANDALL MORIN • BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
$ 3,500,000
Est. payment /mo
Active
318 S D Perris, CA 92570
17,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 17,000 sqft
Price per Sqft $205
MLS Listing ID CRIV25261802
HOA Y/N No
Year Built 1950
Lot Size 0.486 Acres
Property Sub-Type Retail
Source Datashare California Regional
Property Description
Prime Downtown Perris Commercial Portfolio – 10 Units Across 4 Buildings A rare opportunity to acquire four commercial buildings totaling ten individual units located in the heart of the City of Perris Downtown Redevelopment Area. This portfolio includes the historic Lerner Warehouse Building, offering character, visibility, and strong potential for repositioning or long-term cash flow. With most units currently leased at rents far below market value, this portfolio offers significant upside for investors. The ability to adjust rental rates to market standards, combined with ongoing city redevelopment efforts, positions this asset for major NOI growth and long-term value creation. Situated within a rapidly improving district supported by the city's ongoing revitalization efforts, these properties provide excellent frontage and proximity to civic centers, transit, and future development. Ideal for investors seeking multi-tenant commercial income, value-add potential, or participation in the area's long-term growth. Whether utilized for retail, office, creative space, or adaptive reuse, this exceptional multi-building offering represents one of the most strategically located commercial opportunities in Downtown Perris.
Location
State CA
County Riverside
Interior
Heating None
Fireplace No
Building
Water Public
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