$1,100,000
Location, location; A prime location, adjacent to northbound 15 freeway, in the heart of Murrieta Golden Triangle, between Freeway I-15 and 215 in Temecula Valley. Great development and investor opportunity for high density residential and mixed-use commercial. Nearby ongoing multi family, medical offices and shopping center projects. Also located centrally between Orange, Los Angeles, and San Diego County. There are an existing two manufactured home on the subject property, one is approximately 750 sqft 1BR/1BA on permanent foundation and second one approximately 800 sqft 1BR/IBA not on permanent foundation. It is tenant occupied with a total monthly rent of $2,050. "VALUE IS IN LAND" properties being sold "AS IS". Current designated zoning is 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, hotel, 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.
Listed by Ed Farnaghi with Coldwell Banker Realty (949) 837-5700
Property Type
Mixed Use
Status
Active
MLS Number
OC26008306
Year Built
1979
Lot Size
1.14 acres
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