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About the Listing J01634 - SBENTMIC,SGIETDEB
Exceptional commercial development opportunity in the heart of growing Menifee. Offered at $6,000,000, this approximately 4.77-acre (207,781 SF) site consists of five contiguous parcels of flat, usable land along the highly traveled Newport Road corridor, with convenient access to the I-215 freeway. Located within the Cal Neva Specific Plan, Planning Area 2-4, the property is ideally positioned for investors, developers and owner-users seeking a substantial commercial site in one of Southwest Riverside County’s growing communities. Surrounded by established retail, restaurants, businesses and residential neighborhoods, the property benefits from a strong location within the expanding Newport Road commercial corridor. With utilities reported at the street, excellent accessibility and nearly five acres offered together, this is a compelling opportunity to create a significant commercial project in a rapidly developing market. APNs included: 360-050-031, 360-050-032, 360-050-033, 360-050-034 and 360-050-035. VALUE OPPORTUNITY: Two adjoining parcels within the same development — APN 360-050-022 (42,253 SF) and APN 360-050-023 (42,253 SF) — previously sold for $1.4 million each. This five-parcel offering averages just $1.2 million per parcel, offering significant value compared with the adjoining parcel sales. Seller may consider the sale of individual parcels or a combination of parcels, subject to receiving a strong, competitive offer with favorable terms. Preference is given to the sale of all five parcels together; however, exceptional offers for individual parcels will be considered on a case-by-case basis. Please contact the listing agent for further details.
Listing Highlights for 0 Newport Road
Interior Details
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- Water: Public
Exterior Details
- Lot Description: 2-5 Units/Acre,No Land Lease
- Garage Capacity: N/A
- Zoning: Cal Neva Specific Plan No
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Financial Details
- Tax Amount: N/A
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- Tax/Property ID: 360050031
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0 Newport Road Menifee, CA 92584
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