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 with substantial radius of 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 (construction expected to commence Summer of 2022, and completed Q1-Q2 2023). Two residential houses, most likely tear-downs, on property and currently generating rental income. Neighborhood Commercial zoning allows for a wide variety of uses including retail, restaurant, offices, gym, grocery store, bank and more. Visit City of Murrieta website for more info on Development and Demographics. Buyer to verify all aspects of the property.
Courtesy of WHEELER STEFFEN SOTHEBY'S INT, LISA ALTAMIRANO.