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| Property Description |
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| Property Zoned Multiple Use-3.See below for zoning disc from city. Property is located on Adams Avenue which is conveniently located to everything that Murrieta has to offer. Located approx. 1/4 mile from downtown Old Murrieta. Property is close by to the newer Senior Citizen Center building, Murrieta City Library, Police and Fire stations and the Newer Murrieta Civic Center. This property has already been surveyed and mapped to build out 42 condo units on the property. See Supplemental Remarks |
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| Community: | OUT OF AREA | | Cross Street(s): | Ivy | | Fencing: | Full | | Frontage: | Open Space | | Additional Property Use: | Res/Business Use OK | | Lot Size: | 2+ to 4 AC | | Possession: | Close of Escrow | | Age Restrictions: | N/K | | Neighborhood: | Murrieta | | Supplement: | Rendering map is available upon request. Indian Artifact and Arborist reports have been performed as well. Due to the economy and economic reasons , seller put project on hold. Property may be ideal for Senior Living Facility. Seller has estimated that new buyer can realize income from existing properties while seeking permits and preliminary work for developments/improvements. Seller estimates that property could build several individual homes for senior living. This could allow for nearly 80 rentable rooms with the main Victorian house serving as the main office , kitchen , recreation room and operational facility. Rough estimates show this distribution of units can realize in excess of $350 , 000 revenu e each month. There are other uses for this property that could be explored considering the proximity to the inner city of Murrieta. Call agent with any questions. ZONING | | Water: | Available | | Water District: | OUT OF AREA | | Zoning: | Commercial | | Irrigation: | N/K | | Terms: | Conventional , Cash | | Sewer/Septic: | Septic Installed , Sewer Available | | Utilities to Site: | Cable TV , Electric , Gas , Telephone | | Utilities Available: | Cable TV , Electric , Natural Gas , Telephone | | Parcel Map Number: | 11 | | Zip/Area: | RIV CTY-MURRIETA (92562) | | Occupied: | Tenant | | Property Restrictions Known: | Other/Remarks | | Topography: | Level | | Sales Restrictions: | N/K | | Ownership: | Fee Simple |
| Listing Provided Courtesy of |
Ascent Real Estate, Inc | |
