40480 Carrigan Road, Murrieta, CA 92562

Building Details

Year built

1979

Architectural style

Other

Listing agent Ed Farnaghi License #01004996 Show Phone

Listing office Coldwell Banker Realty m***@camoves.com 27782 Vista Del Lago, Suite C2, Mission Viejo, CA Show Phone

Listing date Feb 24, 2025

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MLS# OC25035343 Listing URL

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Overview

This property presents a development and investment opportunity in a location surrounded by multi-family residences, medical offices, and shopping centers. It is within walking distance of new developments and offers views of Temecula Valley city lights and the panoramic valley in the Golden Triangle, situated between Freeway I-15 and 215 in Temecula Valley. The location is central to Orange, Los Angeles, and San Diego Counties. The property, zoned mixed-use/office with a transit-oriented high-density residential overlay, is being sold as-is, with the value primarily attributed to the land. Future development potential includes high-density/multifamily residential with a minimum of 30 units per acre, office spaces, churches, private schools, and various other commercial uses. The sale includes two parcels, APN# 949-180-011 and 949-180-012, which can be purchased separately or together. Each parcel has a home, and both homes are tenant-occupied, generating a total monthly rental income of $3,500. The property size is 3085 square feet.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Murrieta

County

Riverside

State

California

Longitude

-117.1868937

Latitude

33.5615502

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FAQs

What type of property is this?

Commercial land - Prime location for high-density residential and mixed-use commercial development.

Where is this commercial land located?

The property is located at 40480 Carrigan Road Murrieta, CA.

What is the asking price?

The asking price for this property is $3,798,000.

What are key features of this property?

This property features: Prime location in Temecula Valley's Golden Triangle, offering city lights and panoramic valley views.; Excellent development opportunity for high‑density residential and mixed‑use commercial projects.; Zoned mixed‑use/office with "TRANSIT ORIENTED HIGH DENSITY RESIDENTIAL OVERLAY", allowing for diverse development options.