Active
40480 Carrigan Road
Murrieta CA, 92562
$3,250,000
$1,060.36 per sqft
Active
3,065 sqft
Commercial
Built in 1979
Listed by Ed Farnaghi with Citiwide Group, Inc. 562-776-1515
Great development and investor opportunity. A prime location surrounded by ongoing multi family, medical offices and shopping centers Subject has the superior Temecula Valley city lights and panoramic valley view in the heart of Golden Triangle between Freeway 15 and 215 in Temecula Valley.
Also located between the Orange, Los Angeles, and San Diego County. Excellent development opportunity for high density residential and mixed-use commercial. The sales include two parcels with APN# 949-180-011 for $1,750,000 & 949-180-012 for $1,500,000. There is one home on each parcel and both homes are tenant occupied with a total monthly rental of $3,100.
"VALUE IS IN LAND" properties being sold "AS IS". The properties are currently zoned Mixed use/office with "TRANSIT ORIENTED HIGH DENSITY RESIDENTIAL OVERLAY ". The future potential development includes "HIGH DENCITY / MULTIFAMILY RESIDENTIAL", office, church, private school & variety of other uses. Buyer and buyer broker/agent to do their due diligence verifying all information including zoning.
SW23135622
MLSⓇ ID
July 25, 2023
Listed
March 31, 2024
Updated
Map
40480 Carrigan Road
Murrieta CA, 92562
Interior Features
Total Stories
1
Laundry Description
Electric Dryer Hookup, Gas Dryer Hookup, Laundry Closet
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Forced Air
Exterior/Building Features
Lot Size
4.76 Acres
Lot Features
16-20 Units/Acre, Corner Lot, Sloped Down, Gentle Sloping, Lot Over 40000 Sqft, Rectangular Lot, Value In Land, Rolling Slope
Roof
Clay, Composition
Other Property Details
Area Name
SRCAR - Southwest Riverside County
Taxes
$6,721
Tax Frequency
Annually
Days on Market
247
Garage
No
Parking Total
14
View
No
County
Riverside
Water Source
Private, Well
Pool
No
Zoning
MIXED USE
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
|---|---|---|
12/27/2023 | Price Change | $3,250,000 -8% |
Listing Contact: 562-776-1515
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/31/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/31/2024 at 3:36 PM UTC