$3,500,000

24264 Washington Avenue

Murrieta CA, 92562

Description

Prime commercial development opportunity on 5.34 level acres in one of Southern CAs 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, nearly encircled by 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. This property is well positioned and competitively offered at $15 per sf. Visit City of Murrieta website for more info on Development and Demographics. Buyer to verify all aspects of the property.

Details

MLS#32102918
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1932
Days On Site7

Features

SQ Feet232,610
Story(s)1
ZoningNeighborhood Commercial
Acreage232610.00
Loading Form
Area Information
StateCA
CountySan Bernardino
CityMurrieta
Zip Code92562
AreaOut of Area
Listing VS Median (in 92562)
Price:
$3,500,000
low | high
Med:
$3,500,000
50% of Average
SqFt:
232,610
low | high
Med:
0
100% of Average
$ / SqFt:
$15
low | high
Med:
$0
100% of Average
On Site:
7
low | high
Med:
7
100% of Average
Sourced by Back At You
Listing Updated: May 8, 2021 2:56:41 PM PDT
Lisa Altamirano LogoMLS Number: 32102918
Listing Provided By:
Lisa Altamirano  of  Wheeler Steffen Sothebys International Realty

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