26176 Madison Ave, Murrieta, CA 92562

Property Description

Please click on landing page. https://www.heritagepropertiesca.com/madison 2.95 ACRE SITE Located between Elm and Fig, down Madison Avenue, just over a mile south of Walmart and Car Max. Mobile: 3 bedroom/2 bathroom mobile home sits on south side of the property. Collects gross annual rents of $13,200. Opportunity to collect income on property while Innovation zoning improvements are in progress. Mobile on well, septic and propane. Mobile is not on a permanent foundation and due to zoning change City of Murrieta will not allow for a re-build. Zoned Innovation: The Innovation designation provides for a wider variety and intensity of non-residential uses allowed elsewhere in the City with the goal of providing a cutting edge and campus-like mixed-use business setting. The Innovation designation provides for employment intensive uses such as business and medical offices, corporate headquarters, medical services, research and development, education, technological advancement, makers labs (such as people using digital tools to design new products), craftsman products (such as furniture and window design/construction), and hotels. The designation also provides for a limited amount of commercial uses for the sale of products made in facilities on-site and restaurants that support the employment and primary uses. Please reach out to City of Murrieta for updates