23020 Atlantic Circle Moreno Valley, CA 92553

$750,000
23020 Atlantic Circle, Moreno Valley, CA 92553
IV18248058

Commercial Property for sale in Moreno Valley, CA

for $750,000. This building was built in 1989 on a lot size of 124x130.

Property Information

  • $750,000
  • Commercial
  • Taxes are $8,725
  • Office
  • Active
  • Lot size of 124x130
  • Built in 1989
  • Moreno Valley, CA
  • Edgemont Neighborhood
  • Riverside County
  • MLS/Web ID is IV18248058
  • Just Listed

Description

SPECTACULAR FREE-STANDING SINGLE-STORY, LEVEL-ENTRY OFFICE BUILDING IN A BUSY OFFICE/MEDICAL COMPLEX FRONTING ON FREDERICK STREET, WITH EASY CLIENT INGRESS AND EGRESS. BUILT IN 1989 BY THE PRESENT OWNER, IT HAS BEEN METICULOUSLY MAINTAINED AND IS IN VIRTUALLY MOVE-IN CONDITION. CURRENTLY HAS NINE SEPARATE OFFICES, EASILY CONVERTED TO TEN OR MORE, WITH A LARGE ENTRY AND WAITING AREA. TWO HVAC SYSTEMS FOR TWO SEPARATE COMFORT ZONES. 23 PARKING SPACES INCLUDING 10 COVERED CARPORT SPACES. MATURE SHADE TREES SURROUND THE BUILDING. AT 20% DOWN THIS PROPERTY WILL PRODUCE ABOUT 5% CASH-ON-CASH RETURN AT AN APPROX. 6.7 CAP RATE. THIS IS AN ATTRACTIVE INVESTMENT PROPERTY OR AN EXCELLENT OWNER-USER OFFICE BUILDING.

Interior 5

Cooling System

  • Central Air
  • Other
  • Zoned

Heating Source

  • Natural Gas

Heating System

  • Central Heat
  • Forced Air
  • Other

Sewer

  • Connection

Water Source

  • Public Water

Exterior 4

Community Amenities

  • Clubhouse(s)
  • Community Garbage

Construction

  • Brick Veneer
  • Frame/Wood

Garage

  • 4+ Car Carport

Lot Description

  • Level/Flat

Miscellaneous 1

Utilities

  • Electric
  • Gas
  • Phone
  • Underground Utilities
  • Water

Rental 1

Tenant Pays

  • Cable

† Excluded Feature

Listed By

Broker: RE/MAX RESULTS

23020 Atlantic Circle, Moreno Valley, CA, 92553 is a Commercial Property for sale at $750,000 with a lot size of 124x130. 23020 Atlantic Circle has 0.0 baths and was built in 1989. The property's zip code is 92553 which is in Moreno Valley, CA

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363

Market Pricing

Average % of sale price Median % of sale price
All listings in Moreno Valley $467,706 38 % below $354,900 53 % below
Commerical listings in Moreno Valley $956,420 28 % above $650,000 13 % below

Get the facts about Moreno Valley, CA!

Population 201,985
Population Growth (since 2000) 42 %
Median Income $55,122
Median Age 30.63
Households w/ Children 44 %

Residential Dwellings

  • Owned 35024
  • Vacant 3714
  • Rented 18885

Similar Listings

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363