Property listed by Alta Realty Group CA, Inc, Kenneth Thurman, 888-504-5327.
$1,199,000
Investment Highlights
Income-Producing Commercial Development Opportunity
Located in the rapidly expanding City of Menifee, this 1.84-acre commercial property combines immediate rental income with outstanding future development potential.
Property Highlights
• 1.84 acres of flat, usable commercial land
• Zoned C-1/CP/SC
• Grandfathered-in 3-bedroom, 2-bath manufactured home
• Tenant occupied with $2,200/month rental income
• Potential owner-user office or… Read More residence
• Fully fenced with two gated entrances
• Existing septic system
• Outdoor restroom
• Perimeter lighting
• Mature landscaping
• High-growth commercial corridor
• Multiple permitted commercial uses
• Strong demographics and continued residential expansion
Investment Opportunity
Generate income while planning and entitling your future development. The existing rental helps offset carrying costs while the surrounding area continues to experience significant commercial and residential growth. Read Less
Listing Snapshot
Days Online
85
Last Updated
Property Type
MixedUse
Square Ft.
1,505
Lot Size
1.84 Acres
Year Built
2010
MLS Number
OC26164279
Additional Details
Building
Built in 2010, 2 buildings, 1 storey, Entry level: 1
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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