Listed by LISA ALTAMIRANO, WHEELER STEFFEN SOTHEBY'S INT,

24264 Washington Avenue

Murrieta, CA, 92562

$3,500,000

$3,500,000
Active
Active
 - For Sale
property_type
Land
Prime commercial development opportunity on 5.34 level acres in one of Southern CA’s fast growing cities. Incorporated in 1991, Murrieta boasts an explosive population growth with a desirable demographic profile of $122.2k average HH income (MAR2021) and Median age of 36.1. With 330ft of frontage and zoned NC, subject property is ideally situated on a high traffic thoroughfare with substantial radius of newer single and multi-family housing communities, and in proximity to schools, freeways and recently approved developments including a 7-Eleven with an 8 pump gas station planned for the adjacent corner lot (construction expected to commence Summer of 2022, and completed Q1-Q2 2023). Two residential houses, most likely tear-downs, on property and currently generating rental income. Neighborhood Commercial zoning allows for a wide variety of uses including retail, restaurant, offices, gym, grocery store, bank and more. Visit City of Murrieta website for more info on Development and Demographics. Buyer to verify all aspects of the property.
MLS® ID:
EV21091286
Listed:
4/30/21
Updated:
9/26/22

Exterior/Building Features

Lot Size
5.34 acres lot
Lot Details
Lot Over 40000 Sqft, Near Public Transit, Street Level, Tear Down, Level
Sewer
Public Sewer

Other Property Details

Area Name
SRCAR - Southwest Riverside County
HOA Amenities
Biking, Golf, Hiking, Stable(s), Park, Street Lights, Sidewalks
Garage
No
Parking
N
View
Y
County
Riverside
Utilities
Electricity Connected, Sewer Connected, Water Connected
Water Source
Public
Pool
No
Zoning
NC-NeighborhoodCommercial

Property History

Date
Event
Price
Value
5/3/21
Active
-
-

 

Listed by LISA ALTAMIRANO, WHEELER STEFFEN SOTHEBY'S INT,

Based on information from California Regional Multiple Listing Service, Inc. as of 9/26/22. 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.

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