23571 23579 Sunnymead Ranch Pkwy new Save Request In-Person Tour Request Virtual Tour
Moreno Valley,CA 92557
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25266944
Year Built 1994
Lot Size 10 Sqft
Property Sub-Type Retail
Property Description
Lakeshore Village Marketplace is a highly visible ±79,987 SF neighborhood shopping center strategically positioned at the main entrance of the prestigious Sunnymead Ranch community in North Moreno Valley. Offered at $13,999,900 (approximately $175/SF), this ±8.04-acre fee-simple retail asset combines stable existing cash flow with meaningful value-add potential. The property features 87% leased shop space (±34,232 SF) occupied by a strong mix of daily-needs and service tenants including Dollar Tree, Del Taco, Jack in the Box, Bank of America ATM, restaurants, dental, salons, and fitness operators—creating steady foot traffic and resilient, needs-based retail demand. A major highlight of the offering is the ±33,750 SF former grocer anchor box, currently vacant and representing an exceptional upside opportunity for re-tenanting, subdividing, or full repositioning into grocery, specialty retail, medical, fitness, educational, or entertainment uses. The space has already attracted interest from a national retailer, giving the next owner substantial income growth potential. The center benefits from outstanding surrounding demographics, with 192,986 residents within a 5-mile radius and an average household income of $86,748, driven by the dense, established, and stable single-family neighborhoods surrounding Sunnymead Ranch. High visibility, multiple ingress/egress points, abundant parking, and limited nearby competing centers strengthen the property's long-term performance. Combining strong in-place tenancy with significant value-add upside, excellent location fundamentals, and highly competitive pricing, Lakeshore Village Marketplace represents an attractive acquisition for 1031 exchange buyers, long-term holders, and value-add retail investors seeking a stable, community-anchored retail asset in one of Moreno Valley's most desirable residential submarkets.
Location
State CA
County Riverside
Area 259 - Moreno Valley
Interior
Laundry None
Building
Lot Description Lot Over 40000 Sqft
Story 1
Water Public
Others
Special Listing Condition Standard