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Additional details
$ 6,000,000
Est. payment /mo
Active
0 Newport Menifee, CA 92584
4.77 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26188835
Lot Size 4.770 Acres
Property Sub-Type Lots/Land
Property Description
Exceptional commercial development opportunity in the heart of growing Menifee. Offered at $6,000,000, this approximately 4.77-acre (207,781 SF) site consists of five contiguous parcels of flat, usable land along the highly traveled Newport Road corridor, with convenient access to the I-215 freeway. Located within the Cal Neva Specific Plan, Planning Area 2-4, the property is ideally positioned for investors, developers and owner-users seeking a substantial commercial site in one of Southwest Riverside Countys growing communities. Surrounded by established retail, restaurants, businesses and residential neighborhoods, the property benefits from a strong location within the expanding Newport Road commercial corridor. With utilities reported at the street, excellent accessibility and nearly five acres offered together, this is a compelling opportunity to create a significant commercial project in a rapidly developing market. APNs included: 360-050-031, 360-050-032, 360-050-033, 360-050-034 and 360-050-035. VALUE OPPORTUNITY: Two adjoining parcels within the same development APN 360-050-022 (42,253 SF) and APN 360-050-023 (42,253 SF) previously sold for $1.4 million each. This five-parcel offering averages just $1.2 million per parcel, offering significant value compared with the adjoining parcel sales. Seller may consider the sale of individual parcels or a combination of parcels, subject to receiving a strong, competitive offer with favorable terms. Preference is given to the sale of all five parcels together; however, exceptional offers for individual parcels will be cons
Location
State CA
County Riverside
Direction From I-215: Take the Newport Road exit (Exit 10) and head west on Newport Road. Continue approximately mile past Haun Road towa
Interior
Fireplace No
Exterior
Utilities Available Cable TV, Electric, Natural Gas, Telephone
View Y/N No
Present Use Commercial
Others
Senior Community No
Tax ID 360050031
Acceptable Financing Cash
Listing Terms Cash
Listed by Michael Bente, DRE#01819794 Luxre Realty, Inc.
Co-listed byDebra Gietter • Luxre Realty, Inc.
Co-listed byDebra Gietter • Luxre Realty, Inc.
NEARBY SCHOOL & BUSINESS
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