$15,000,000
Attention: This is a shovel-ready Multifamily Development Opportunity for a 238 keys + Retail Project in one of California’s high growth mid-level markets to meet the demands of young professionals rising up quickly in the rental market. Targeting large scale developers ready to build as the rates are decreasing! •. Located in Temecula Wine Country in the SP-14 Uptown Specific Plans • Fully entitled for Two buildings totaling a 238-keys multifamily + approx. 27,000 Retail space for restaurants, conference/event space, or gyms. • Area is endowed with Steady population growth, accelerated income with a large percentage of population ‘aging-up’ to the rental market. • All entitlements secured after a highly lengthy process • Positioned for strong absorption post 2026 • Flat topography • Excellent Frontage and Close to famed Old Town Temecula
Listed by Chris Lee with Pacific Sotheby's Int'l Realty
MLS Property Type
Land
Status
Active
MLS Number
OC26018960
Lot Size
3.58 acres
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