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24264 Washington Avenue

Murrieta, CA 92562
  • $3,500,000
  • STATUS: Active
  • ON SITE: 580 Days
  • ID#: EV21091286
UPDATED: 15 min ago
$3,500,000
  • 0
    BEDS
  • 5.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Lisa Altamirano of Wheeler Steffen Sotheby's Int (909-878-5500)


Description

Prime commercial development opportunity on 5.34 level acres in one of Southern CAs 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-04T10:27:22.863. 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 deemed reliable but is not guaranteed accurate by the MLS or Cal American Homes. Licensed in the State of California, USA.
www.calamericanrealty.com/homes/116691785
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24264 Washington Avenue Murrieta, CA 92562

  • Price: $3,500,000
  • Status: Active
  • On Site: 580 Days
  • Updated: 15 min ago
  • ID#: EV21091286
0
Beds
0
Baths
0
½ Baths
5.34
Acres
Neighborhood:
Srcar - Southwest Riverside County
County:
Riverside
Area:
Srcar - Southwest Riverside County
Property Description
Prime commercial development opportunity on 5.34 level acres in one of Southern CAs 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.
Exterior Features

Fencing None Lot Features Lot Over 40000 SqftNear Public TransitStreet LevelTear DownLevel Road Frontage Type City Street Road Surface Type Paved Sign On Property YN Yes Topography Level View Mountain(S)Neighborhood View YN Yes

Property Features

Additional Parcels YN Yes Association Fee 0 Association YN No Common Interest None Community Features BikingGolfHikingStable(S)ParkStreet LightsSidewalks Contingency None. Current Financing None Electric Electricity - On Property Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan New Construction YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Utilities Electricity ConnectedSewer ConnectedWater Connected Water Source Public Zoning Nc-Neighborhoodcommercial



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-04T10:27:22.863. 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 deemed reliable but is not guaranteed accurate by the MLS or Cal American Homes. Licensed in the State of California, USA.
 
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Cal American Homes
2065 N. Indian Hill Blvd
Claremont CA, 91711
Listing Agent(s): Lisa Altamirano of Wheeler Steffen Sotheby's Int (909-878-5500)