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Listed by Chris Hsuan-Chu Lee • Pacific Sotheby's Int'l Realty
$15,000,000
Est. payment /mo
3.58 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC-26018960
Lot Size 3.580 Acres
Source California Regional Multiple Listing Service (CRMLS)
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
Zoning SP-14
Exterior
Community Features Curbs
Utilities Available None
View Y/N No
View None
Building
Lot Description Level
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Nearby Locations
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Naghmeh Keyvani
Broker Associate License ID: DRE# 02091823
Broker Associate License ID: DRE# 02091823