$3,500,000 24264 Washington Avenue Murrieta, CA

MLS: EV21091291   Type: Land   County: Riverside   City: Murrieta   Area: Southwest Riverside County   Zip: 92562   Style: Unimproved Land  

Mortgage $16,432 /mo



Half Baths

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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.

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Price History

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

Additional Parcels Description 906040015
Additional Parcels Y/N Yes
Community Features Park
Electric Electricity - On Property
Land Lease Y/N No
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

Property Schools

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Gallery (24 photos)

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Property vs Zip Code Avg (92562)

Price 3.50M Avg 629K

Acres 5.34 Avg 7.54

Visits 84 Avg 92

Days on Site 138 Avg 237

Walkscore® 28 Avg 27

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: LISA ALTAMIRANO with WHEELER STEFFEN SOTHEBY'S INT - 310-890-3491

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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA