Great development opportunity in a prime location on 5.34 +/- acres of flat land with TWO separate income generating SFRs with month to month leases (earn money while developing). Situated in the heart of the Murrieta Valley and offering 330 feet of paved street frontage along Washington Ave. with multi-family communities, schools, restaurants, coffee shops and access to freeways close. Located on a high traffic thoroughfare on the same street as historic downtown Murrieta, these parcels are zoned for neighborhood commercial allowing for some housing, retail spaces, medical offices, schools and many other neighborhood opportunities. Adjacent to this parcel, is an approved, to be built, 7-Eleven development with a 8-16 pumps gas station and store on the corner of Washington Ave. and Lemon St. Other neighboring approved, to be built, developments at Washington Ave. and Magnolia St. include a new McDonald's and a car wash and gas station. All utilities and infrastructure already in place for the two SFRs on the premises, and easy to expand upon for development. Two parcels being sold together. APN 906-780-035 includes 4.70 +/- acres at 24264 Washington Ave. and APN 906-780-037 at 24280 Washington Ave. includes .64 +/- acres. Please do not disturb tenants. Buyers to verify all information before COE.
Property Type :
Land
County :
Riverside
Style :
Land
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ByOwner last updated this listing 05/09/2024 @ 22:56
MLS: 23310187
LISTED BY: Federico Marquez, NetWorth Realty
SOURCE: CRMLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
