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Shawn Bengtson

Office Broker - DRE 01236964

  • Office 760-805-7199
Questions?

318 S D, Perris – $3,500,000

  • $3.5M Price
  • .49 Acres
  • 1 DOM
  • $3.5M Price
  • .49 Acres
  • 1 DOM

318 S D

Prime Downtown Perris Commercial Portfolio – 10 Units Across 4 Buildings A rare opportunity to acquire four commercial buildings totaling ten individual units located in the heart of the City of Perris Downtown Redevelopment Area. This portfolio includes the historic Lerner Warehouse Building, offering character, visibility, and strong potential for repositioning or long-term cash flow. With most units currently leased at rents far below market value, this portfolio offers significant upside for investors. The ability to adjust rental rates to market standards, combined with ongoing city redevelopment efforts, positions this asset for major NOI growth and long-term value creation. Situated within a rapidly improving district supported by the city’s ongoing revitalization efforts, these properties provide excellent frontage and proximity to civic centers, transit, and future development. Ideal for investors seeking multi-tenant commercial income, value-add potential, or participation in the area’s long-term growth. Whether utilized for retail, office, creative space, or adaptive reuse, this exceptional multi-building offering represents one of the most strategically located commercial opportunities in Downtown Perris.

Essential Information

  • MLS® #IV25261802
  • Price$3,500,000
  • Bathrooms0.00
  • Acres0.49
  • Year Built1950
  • TypeCommercial Sale
  • Sub-TypeRetail
  • StatusActive

Community Information

  • Address318 S D
  • CityPerris
  • CountyRiverside
  • Zip Code92570

Area

SRCAR - Southwest Riverside County

Amenities

  • UtilitiesElectricity Connected

Interior

  • HeatingNone
  • # of Stories1

Exterior

  • Lot DescriptionCorner Lot

Additional Information

  • Date ListedNovember 19th, 2025
  • Days on Market1

Listing Details

  • AgentRandall Morin

Office

BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY

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Randall Morin, BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY.

Based on information from California Regional Multiple Listing Service, Inc. as of November 21st, 2025 at 10:56am PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.