Address
24264 Washington Avenue Murrieta, CA
Price
$ 3,500,000
Property Attributes
  • MLS#EV21091291
  • TypeLand
  • CountyRIVERSIDE
  • CityMurrieta
  • AreaSouthwest Riverside County
  • Zip92562
  • StyleUnimproved Land
  • Price$ 3,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size5.34 Acres
Listing Provided Courtesy Of:
LISA ALTAMIRANO with WHEELER STEFFEN SOTHEBY'S INT - 310-890-3491
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

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. Neighborhood Commercial zoning allows for a wide variety of uses including retail, restaurant, offices, gym, grocery store, bank and more. Two residential houses, most likely tear-downs, on property and currently generating rental income. Visit City of Murrieta website for more info on Development and Demographics. Buyer to verify all aspects of the property.

Price History
5/3/2021 Listed $3,500,000

General Features

Additional Parcels Description 906040015
Additional Parcels Y/N Yes
Community Features Park
Electric Electricity - On Property
Listing Agent LISA ALTAMIRANO - BRE#01893043
Listing Agent State License 01893043
MLS Area SRCAR - Southwest Riverside County
Property Sub Type Additional Unimproved Land
Property SubType Unimproved Land
Property Type Commercial Sale
Special Listing Conditions Standard
Status Active
Terms Cash to New Loan
Topography Level
Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Zoning Neighborhood Commercial

Interior Features

Laundry Features Electric Dryer Hookup, Gas Dryer Hookup

Exterior Features

Fencing None
Lot Dimensions 330x620x405x370
Lot Features Lot Over 40000 Sqft, Near Park, Near Public Transit, Street Level, Tear Down, Value In Land, Level
Lot Size Acres 5.34
Lot Size Area 232610
Lot Size Source Public Records
Lot Size Square Feet 232610
Lot Size Units Square Feet
Number of Buildings 2
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 92562

Price
AVG $630K
$3.5M
Visits
AVG 92
96
Year Built
AVG 1932
1932
Walkscore
AVG 26
28
Data Provided by Walkscore ® not using MLS data

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