The subject property is a development site totaling ±40 acres of land located at 23761 Sherman Road in the city of Romoland (Unincorporated Riverside County). This site is located just outside the city boundaries of Perris (to the west) and Menifee (to the south) and is located roughly one mile to the east of the 215 freeway. The site is flat and rectangular in shape with frontage of 1,320 feet on Sherman Road. There is a small single-family residence located in the southeast corner of this property.
Zoning on this site is Rural Residential (R-R) although the General Plan Land Use is Light Industrial (IL). The Light Industrial land use designation allows for a wide variety of industrial and related uses, including assembly and light manufacturing, repair and other service facilities, warehousing, distribution centers, and supporting retail uses with building intensity ranging from 0.25 to 0.6 FAR. This site would be a perfect location for many industrial uses such as distribution centers and warehousing given the advantageous location with easy access to the 215 freeway and close proximity to the March Air Reserve Base.
Large parcels of flat, developable land in this location are in high demand. This offering is priced at $4,300,000 which works out to only $2.47 per square foot and $107,500 per acre.
Total population of , which has changed by % since 1990.
The median age of the population is , while the median
age of dwellings is .
Out of households, are families.