27130 Scott Rd, Menifee, CA 92584

Property Description

The property currently contains a ±1,800 SF three bedroom, two bathroom house with a detached garage. The house contains a fenced in yard / driveway. The structure is located in the South-West corner of the property along Scott Rd. The house is currently being used as a rental property and is generating approx $2,500 / month in income. The existing structure is a good way to generate income while processing land development entitlements. The property sits on flat topography with most to all of the land being usable space. The property has utilities available with recently upgraded septic at sight of existing structure. The property is within the City of Menifee which offers the following services: • Water: Eastern Municipal Water District • Electricity: Southern California Edison • Gas: Southern California Gas Company • Phone: Frontier Communications • Fire: Riverside County Fire Department • Police: Riverside County Sheriff’s Department Low Density Residential Through several talks with the City of Menifee, we believe they would be in favor of rezoning this land from a minimum requirement of one lot per acre to one lot per half acre. The city of Menifee continues to grow both from a commercial as well as a residential standpoint, and this centrally located property would be a great location for developers to invest in. The city continues to encourage new developments and is need of more housing. Location The property is located just ¾ of a mile west of I-215 on a hard corner of Scott Rd and Ascot Way. Scott Rd is one of the two main thoroughfares in Menifee. Scott Rd also turns into Bundy Canyon which places the subject property just 6 miles from I-15 and 45 miles from Orange County. The property is located just ¾ of a mile from a major retail center with Albertson’s, Wells Fargo, 7/11, as well as multiple restaurants in the area. Scott Rd improvements: Current plans are in place to widen Scott Rd to five lanes. Current construction of the Scott Rd / I-215 Interchange Project is set to be completed by Spring 2020. The project will widen the Scott Rd bridge to 6 lanes and expand on/off ramps to two lanes for off ramps and three lanes for on ramps. The city’s goal is to increase the flow of traffic in hopes of spurring new development projects within the area.