27987 Jefferson Avenue, Menifee, CA 92585
List Price: $246K
Listing Status: Hold
0Days on Market: 0
3 Bedrooms · 1 Bathroom · 1,821 sq ft
Property Type: Residential
Year Built: 1936
Lot Size: 15,246 sq ft
Garage Spaces: 2
MLS Number: SW26196894
About This Property
HIGH-DENSITY RESIDENTIAL REDEVELOPMENT OPPORTUNITY IN MENIFEE! An opportunity for investors, builders and developers looking to explore future multifamily residential development or acquire and hold property in a growing Menifee corridor. The property is currently zoned HDR (High Density Residential) with previous existing utilities. Includes an existing fire-damaged, boarded single-family residence. The property is being offered in its present AS-IS condition, with the primary value and opportunity centered on the land and its future residential redevelopment potential. All three parcels must sell together total of .50 acres. HDR zoning provides an opportunity to explore higher-density residential uses, including small to medium multifamily development, subject to City approval and all applicable development requirements. This may also be an attractive opportunity for an investor seeking to acquire and hold property for future development as the surrounding area continues to evolve. Conveniently located near major transportation routes, established residential neighborhoods, shopping, services and continued growth throughout Menifee and Southwest Riverside County. Bring your vision and explore the possibilities. Buyer and buyer's representatives are strongly encouraged to conduct their own independent due diligence with the City of Menifee and appropriate agencies regarding zoning, allowable density, permitted uses, development standards, utilities, access, demolition requirements, environmental conditions and overall development feasibility. Seller and Broker/Agents make no representation or guarantee regarding the number of units that may ultimately be developed on the property. Don't miss this opportunity knocking at your door!
Listing provided by: Cecilia Mutia DRE #01764611 888-832-7179