27073 Newport Road,Menifee, CA 92584
Menifee, CA 92584
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 County's 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 considered on a case-by-case basis. Please contact the listing agent for further details.
Details
| MLS # | OC26188835 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 58 |
| Listing Provided By | Luxre Realty, Inc. | Michael Bente |
Features
| Zoning | Cal Neva Specific Plan No |
|---|---|
| Acreage | 4.77 |
| Golf Course | Yes |
| Property View | None |
Exterior
| Lot Features | Two To Five Units Acre |
|---|---|
| Fencing | None |
Utilities
| Utilities | Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available |
|---|---|
| Electric | Standard |
Location
| Community Features | Biking, Curbs, Golf, Hiking, Park, Storm Drains, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Riverside |
| City | Menifee |
| Zip Code | 92584 |
| Area | SRCAR Southwest Riverside County |
| Listing VS Median (in 92584) | |
Price: $6,000,000 low | high Med: $619,990 On site: 58 low | high Med: 12 | |
Market Activity 92584
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Learn More About This Property
| State | CA |
|---|---|
| County | Riverside |
| City | Menifee |
| Zip Code | 92584 |
| Area | SRCAR Southwest Riverside County |
| Listing VS Median (in 92584) | |
Price: $6,000,000 low | high Med: $619,990 On site: 58 low | high Med: 12 | |
