$1,800,000

41763 Ivy Street

Murrieta CA, 92562

Description

Properties with development potential like this do not come on the market often. Ready for development with the new high density zoning, this property boasts the best zoning options for Old Town development. You can do mixed use, retail, office or residential with density up to 24 units per acre. Property located on busy corner on one of only 2 main access points to Old Town. Ivy Street is the extension of Los Alamos. Property currently has 3 Tenants as well as a storage/Boat/RV storage business grandfathered in. Property is priced based on future development but offers current income until the time is right for the potential buyer.

Details

MLS#SW20060309
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Days On Site258

Features

SQ Feet1,600

Market Activity 92562

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Area Information
StateCA
CountyRiverside
CityMurrieta
Zip Code92562
AreaSRCAR - Southwest Riverside County
Listing VS Median (in 92562)
Price:
$1,800,000
low | high
Med:
$499,900
100% of Average
SqFt:
1,600
low | high
Med:
2,160
15% of Average
$ / SqFt:
$1,125
low | high
Med:
$231
100% of Average
On Site:
258
low | high
Med:
8
100% of Average
Listing Updated: December 1, 2020 10:40:02 PM PST
Alan Wallace LogoMLS Number: SW20060309
Listing Provided By:
Alan Wallace  of  Alan Wallace dba Smartworks
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.