SOCAL COMMERCIAL 5.34 AC, LAND - Desirable, Fast Growing Murrieta

24264 Washington Avenue Murrieta, CA 92562

24264 Washington Avenue, Murrieta, CA, 92562
330FT OF FRONTAGE - MULTIPLE USES
24264 Washington Avenue, Murrieta, CA, 92562
FOR SALE
Property Type:
Commercial Land Development
Amount:
$3,500,000
Last Verified:
Jan 12, 2022

Prime commercial development opportunity on 5.34 level acres in one of Southern CA’s 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). 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.​

Map of 24264 Washington Avenue, Murrieta, CA, 92562

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.