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$ 15,000,000
Est. payment | /mo
3.58 Acres Lot
$ 15,000,000
Est. payment | /mo
3.58 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26018960
HOA Y/N No
Lot Size 3.580 Acres
Property Description
Attention: This is a shovel-ready Multifamily Development Opportunity for a 238 keys + Retail Project in one of California's high growth mid-level markets to meet the demands of young professionals rising up quickly in the rental market. Targeting large scale developers ready to build as the rates are decreasing!
•. Located in Temecula Wine Country in the SP-14 Uptown Specific Plans
• Fully entitled for Two buildings totaling a 238-keys multifamily + approx. 27,000 Retail space for restaurants, conference/event space, or gyms.
• Area is endowed with Steady population growth, accelerated income with a large percentage of population ‘aging-up' to the rental market.
• All entitlements secured after a highly lengthy process
• Positioned for strong absorption post 2026
• Flat topography
• Excellent Frontage and Close to famed Old Town Temecula
•. Located in Temecula Wine Country in the SP-14 Uptown Specific Plans
• Fully entitled for Two buildings totaling a 238-keys multifamily + approx. 27,000 Retail space for restaurants, conference/event space, or gyms.
• Area is endowed with Steady population growth, accelerated income with a large percentage of population ‘aging-up' to the rental market.
• All entitlements secured after a highly lengthy process
• Positioned for strong absorption post 2026
• Flat topography
• Excellent Frontage and Close to famed Old Town Temecula
Location
State CA
County Riverside
Area 699 - Not Defined
Zoning SP-14
Interior
Fireplace No
Exterior
Community Features Curbs
Utilities Available None, Water Not Available
View Y/N No
View None
Present Use Unimproved
Building
Lot Description Level
Water None
New Construction No
Others
Senior Community No
Tax ID 921060058
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Chris Lee Pacific Sotheby's Int'l Realty #02107257
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