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High-Cap Office Building R5

Moreno Valley, California, United States
High-Cap Office Building R5
Sqft: 7,096
Lot: 1.09 Acre
Address: 24693 Ironwood Ave.
NOI: $594,000
Year Built: 1986
Year Remodeled: 2023
Price Per Sqft.: $204
Stories: 1
Parking: Ample parking (30 with room for expansion
City: Moreno Valley
Zip: 92557
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A uniquely strategic commercial gem located in the residential heart of Moreno Valley, Riverside County, CA. Boasting an expansive ±7,056 SF footprint and a sizable lot, this property is zoned R5, opening avenues for future expansion.

The R5 zoning presents an opportunity to tap into high-demand industries such as Early Education – Preschools (its current public use), Daycares, Assisted Living/Senior Care, Group Housing (Convalescent Homes, SRO’s, Alcohol & Drug Treatment Facilities, etc.), and potentially Medical-Dental Facilities. Special uses like Churches and Community-Centric Services could also thrive, making use of the large grassy lot and unique exterior pool—features that attract guests and customers seeking enriched summer camps and dynamic Youth/Senior activities.

This property holds a competitive advantage by being strategically located within a high-demand residential neighborhood, away from busy commercial spaces and associated traffic. Yet, it remains conveniently close for commuter access, just a few blocks between two main roads. Moreover, the lot is equipped with ample parking space, with the potential for expansion if needed, all while maintaining a substantial grassy area.

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