Description
HIGH-DENSITY RESIDENTIAL REDEVELOPMENT OPPORTUNITY IN MENIFEE! An opportunity for investors, builders and developers looking to explore future multifamily residential development or acquire and hold property in a growing Menifee corridor. The property is currently zoned HDR (High Density Residential) with previous existing utilities. Includes an existing fire-damaged, boarded single-family residence. The property is being offered in its present AS-IS condition, with the primary value and opportunity centered on the land and its future residential redevelopment potential. All three parcels must sell together total of .50 acres. HDR zoning provides an opportunity to explore higher-density residential uses, including small to medium multifamily development, subject to City approval and all applicable development requirements. This may also be an attractive opportunity for an investor seeking to acquire and hold property for future development as the surrounding area continues to evolve. Conveniently located near major transportation routes, established residential neighborhoods, shopping, services and continued growth throughout Menifee and Southwest Riverside County. Bring your vision and explore the possibilities. Buyer and buyer's representatives are strongly encouraged to conduct their own independent due diligence with the City of Menifee and appropriate agencies regarding zoning, allowable density, permitted uses, development standards, utilities, access, demolition requirements, environmental conditions and overall development feasibility. Seller and Broker/Agents make no representation or guarantee regarding the number of units that may ultimately be developed on the property. Don't miss this opportunity knocking at your door!
Details
| MLS # | SW26153260 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 105 |
| Listing Provided By | eXp Realty of California, Inc. | Cecilia Mutia |
Features
| SQ Feet | 1,821 |
|---|---|
| Story(s) | 1 |
| Zoning | HDR |
| Acreage | 0.50 |
Interior
| Cooling | See Remarks |
|---|---|
| Heating | See Remarks |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | See Remarks |
|---|---|
| Lot Features | Six To Ten Units Acre |
| Fencing | Chain Link |
Utilities
| Utilities | See Remarks |
|---|---|
| Electric | Electricity On Property |
Area Information
| State | CA |
|---|---|
| County | Riverside |
| City | Menifee |
| Zip Code | 92585 |
| Area | SRCAR Southwest Riverside County |
| Listing VS Median (in 92585) | |
Price: $245,500 low | high Med: $599,450 sqft: 1,821 low | high Med: 2,412 $ / sqft: $135 low | high Med: $249 On site: 105 low | high Med: 178 | |
Market Activity 92585
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Learn More About This Property
| State | CA |
|---|---|
| County | Riverside |
| City | Menifee |
| Zip Code | 92585 |
| Area | SRCAR Southwest Riverside County |
| Listing VS Median (in 92585) | |
Price: $245,500 low | high Med: $599,450 sqft: 1,821 low | high Med: 2,412 $ / sqft: $135 low | high Med: $249 On site: 105 low | high Med: 178 | |
