Property listed by eXp Realty of California, Inc., Cecilia Mutia, 888-832-7179.
$245,500
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.… Read More 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. The property is red-tagged, Not a rehab or fix/flip due to zoning requirements for this property. Don't miss out on development or buy and hold opportunity! Read Less
Listing Snapshot
Days Online
37
Last Updated
Property Type
SingleFamilyResidence
Beds
3
Full Baths
1
Square Ft.
1,821
Lot Size
0.35 Acres
Year Built
1936
MLS Number
SW26196894
Additional Details
Building
Built in 1936, Living area: 1821.0, Living area units: SquareFeet, 1 storey, Levels: One, Entry level: 1, Entry location: street
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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