Tobacco Road Industrial Land — 4.54 Acres, Perris CA 92570
Offering Memorandum | Industrial Land For Sale | eXp Commercial
Property Summary
4.54 acres (197,762 SF) of industrial land for sale at $4,944,060 located at Tobacco Road & Water Avenue, Perris, California 92570.
Zoned I-P (Industrial Park, CZ 7830) under unincorporated Riverside County jurisdiction. APN: 317-270-002.
- Asking Price: $4,944,060
- Land Area: 4.54 Acres / 197,762 SF
- Zoning: I-P — Industrial Park (Riverside County CZ 7830)
- APN: 317-270-002
- Jurisdiction: Unincorporated Riverside County
- Frontage: ~297 FT on Tobacco Road / ~654 FT on Water Avenue
- Topography: Level / Fully Usable
- Visibility: Excellent — Freeway Adjacent
- Freeway Access: Immediate I-215 Corridor Proximity
Site Features
- Asphalt paving, perimeter fencing, gated access
- Utilities at or near site (water & sewer)
- Fully paved and fenced — immediately operational
- Generally flat raw land, level and fully usable
Investment Highlights
- Strategic Industrial Location: Heart of the Inland Empire East, a premier logistics hub with deep tenant demand.
- Immediate Freeway Accessibility: Direct I-215 corridor access with rapid connectivity to SR-60, I-10, and I-15.
- Flexible Zoning Profile: I-P (Industrial Park) zoning allows diverse light industrial and business park uses.
- Attractive Investment Basis: Offered at $4,944,060 in a recalibrating market environment (Cap rates ~7.0%).
- Strong Market Fundamentals: Perris submarket vacancy at 8.9%, competitive rents ~$0.98/SF NNN.
- Operational Efficiency: Rectangular parcel configuration in unincorporated county — streamlined development process.
Location & Market
Perris, California sits within the Inland Empire East logistics corridor — one of Southern California's most active industrial submarkets.
The site enjoys immediate proximity to the I-215 freeway and connects to SR-60, I-10, and I-15, providing regional and national distribution access.
Major nearby destinations include Ontario International Airport (~30 min), Los Angeles (~60 min), and San Diego (~90 min).
Surrounding development includes approximately 162 acres of nearby industrial conversion, multiple General Plan Amendment applications (GPA240026), and a speculative industrial building in the immediate vicinity — confirming institutional confidence in the corridor.