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$3,500,000

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0.49 Acres Lot

Active

318 S D Perris, CA 92570

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Jenny Wu

offer@jennywurealty.com +1(909) 569-8888

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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID IV25261802

HOA Y/N No

Year Built 1950

Lot Size 0.486 Acres

Property Sub-Type Retail

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

Area Srcar - Southwest Riverside County

Interior

Heating None

Fireplace No

Laundry None

Exterior

Utilities Available Electricity Connected

Building

Lot Description Corner Lot

Story 1

Water Public

Others

Tax ID 313111001

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

Listed by RANDALL MORIN BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY 951-965-6919

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 14

6

Railway Elementary School

Public | KG - 6
6

Triple Crown Elementary School

Public | KG - 5
5

Val Verde Elementary School

Public | KG - 5
5

California Military Institute

Public | 5 - 12
4

Innovative Horizons Charter

Public | KG - 8
3

Palms Elementary School

Public | KG - 6
2

Sky View Elementary School

Public | KG - 6
1

Enchanted Hills Elementary School

Public | KG - 6
1

Perris Elementary School

Public | KG - 6
0

Lighthouse Christian Academy

Private | KG - 12
0

Park Avenue Elementary School

Public | KG - 6
0

Oak Grove at the Ranch

Private | 3 - 12
0

St James Catholic School

Private | KG - 8
0

Temple Christian School

Private | PK - 9

Middle Schools 2

2

Pinacate Middle School

Public | 7 - 8
0

The Academy Community Day

Public | 7 - 12

High Schools 2

1

Perris High School

Public | 9 - 12
0

Perris Lake High (Continuation)

Public | 9 - 12

School and business data provided by Attom Data.

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Jenny Wu

Agent | License ID: 01817291

+1(909) 569-8888

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318 S D Perris, CA 92570

Jenny Wu

Key Details

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NEARBY SCHOOL & BUSINESS

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