Moreno Valley, California

🌿 4,375 SF Retail Building | Former Dispensary | $1M+ in Upgrades | Prime High-Traffic Corridor

📊 Investment Highlights

• Asking Price: $1,900,000

• Building Size: 4,375 SF

• Lot Size: 15,682 SF (≈0.36 Acres)

• Zoning: C1 – Commercial (permitting retail, service, and cannabis uses)

• Investment Type: Owner/User

• Subtype: Retail / Cannabis-Ready / Special Purpose

• Building Class: B

• Year Built: 1954 | Renovated: 2021

• Condition: Turnkey – $1M+ in recent upgrades

• Tenancy: Vacant (ready for immediate occupancy)

• Parking: 12 private spaces

• Stories: 1 | Buildings: 1

• APN: 481-112-011

• Sale Condition: 1031 Exchange Eligible

• Broker Co-Op: Yes

🧾 Executive Summary

A rare turnkey retail investment opportunity in the heart of Moreno Valley’s busiest commercial corridor, this 4,375-square-foot retail building sits prominently along Sunnymead Boulevard, offering unmatched visibility, accessibility, and adaptability.

Originally built in 1954 and fully renovated in 2021 with over $1,000,000 in high-end tenant improvements, the property previously operated as a licensed cannabis dispensary and remains fully built out for similar use. From premium finishes and upgraded electrical/HVAC systems to reinforced security and ADA compliance, every detail supports seamless retail or specialty operations.

Situated on a 15,000+ square-foot lot, the property features 12 dedicated parking spaces, ensuring customer convenience in a high-traffic retail zone. Its C1 zoning allows for a wide range of uses, including dispensary, specialty retail, service businesses, or experiential retail concepts.

For owner-users, the space provides a ready-to-operate environment in a thriving commercial hub. For investors, it presents an opportunity to acquire a modernized retail asset in a high-growth Inland Empire market, ideal for cannabis, healthcare, or branded retail tenants.

🏢 Property Overview

• Type: Retail / Special Purpose

• Subtype: Storefront / Cannabis / Mixed-Use Retail

• Investment Type: Owner/User

• Building Size: 4,375 SF

• Lot Size: 15,682 SF

• Stories: 1

• Buildings: 1

• Zoning: C1 (Retail / Cannabis Permitted)

• Year Built: 1954 | Renovated: 2021

• Parking: 12 Private Spaces

• Condition: Fully Built-Out / Turnkey

• Improvements: $1M+ in upgrades, including new HVAC, lighting, and interior buildout

• Tenancy: Vacant

• APN: 481-112-011

• Broker Co-Op: Yes

• Sale Condition: 1031 Exchange Eligible

• Asking Price: $1,900,000

📍 Location Advantage

Located at 24200 Sunnymead Boulevard, this property sits within one of Moreno Valley’s most heavily trafficked retail corridors, surrounded by national retailers, service centers, and restaurants. The site’s corner-lot visibility, easy ingress/egress, and ample on-site parking make it ideal for retail or cannabis operators seeking high exposure and accessibility.

Moreno Valley’s sustained population and commercial growth continue to strengthen its reputation as one of the Inland Empire’s most active submarkets. With premium infrastructure, C1 zoning, and an established retail trade area, this property offers a ready-to-operate, high-upside investment for both cannabis and conventional retail businesses.