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Stacey Niermann

stacey@niermannestatesgroup.com +1(714) 642-6895

$ 245,500

Est. payment | -/mo

0.5 Acres Lot

Save

$ 245,500

Est. payment | -/mo

Save

0.5 Acres Lot

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID SW26153260

HOA Y/N No

Lot Size 0.500 Acres

Property Sub-Type Multi Family

Property Description

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. 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. Don't miss this opportunity knocking at your door!

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Zoning HDR

Interior

Heating See Remarks

Cooling See Remarks

Inclusions Fire damage structure

Fireplace No

Laundry None

Exterior

Fence Chain Link

Utilities Available See Remarks

Roof Type See Remarks

Present Use Multi-Family

Building

Lot Description 6-10 Units/Acre

Story 1

Water See Remarks

Others

Tax ID 329182002

Acceptable Financing Cash, Conventional, 1031 Exchange, Submit

Listing Terms Cash, Conventional, 1031 Exchange, Submit

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Cecilia Mutia eXp Realty of California, Inc. 951-491-3372, DRE #01764611

Nearby Locations

GET MORE INFORMATION

Stacey Niermann

REALTOR® Lic# DRE# 02167751

stacey@niermannestatesgroup.com

+1(714) 642-6895

303 N Glenoaks Blvd, Suite 200, Burbank, CA 91502

27987 Jefferson Menifee, CA 92585

Stacey Niermann

Key Details

Location

Interior

Exterior

Building

Others

27987 Jefferson