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Listed by Ed Farnaghi • Coldwell Banker Realty
$ 845,000
Est. payment /mo
Price Dropped by $4K
Murrieta, CA 92562
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC-25190037
Year Built 1982
Property Sub-Type Mixed Use
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Great development and investor opportunity. A prime location surrounded by ongoing multi family, medical offices and shopping center projects. Located in the heart of Golden Triangle, between Freeway I-15 and 215 in Temecula Valley. Also located centrally between Orange, Los Angeles, and San Diego County. Excellent development opportunity for high density residential and mixed-use commercial. There is an existing home on the subject site which is a tenant occupied with a total monthly rent of $1,600. "VALUE IS IN LAND" properties being sold "AS IS". This is a cornet lot property and is currently zoned mixed use / office with "TRANSIT ORIENTED HIGH DENSITY RESIDENTIAL OVERLAY ". The future potential development includes "HIGH DENCITY / MULTIFAMILY RESIDENTIAL MINIMUM OF 30 UNITS PER ACERES ", office, church, private school & variety of other commercial uses. Please see the attached supplements for more detail. Buyer and buyer broker/agent to do their due diligence verifying all information including zoning.
Location
State CA
County Riverside
Zoning Commercial
Interior
Heating Central
Laundry Inside
Exterior
Utilities Available Propane, Cable Connected, Electricity Connected
Building
Lot Description Rolling Slope, 0-1 Unit/Acre
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