Mixed-Use Development
For Sale
$3,798,000
Pending
40480 Carrigan Rd, Murrieta, CA 92562
Prime land for high-density residential and mixed-use development.
Property Size3,085 SF
Lot Size4.76 Acres
Days on Market151
Property Features for 40480 Carrigan Rd
General Information
Standard status
Pending
Size
3,085 SF
Lot size
4.76 Acres
Property subtype
Commercial
Building Details
Building Size
3,085 SF
Year Built
1979
Listing Agency:
Coldwell Banker Residential Brokerage
(951) 510-8489
Listed By:
Ed Farnaghi · License #01004996
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Residential Brokerage
Investment Insights
Based on property information with market context.
This mixed-use 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 a panoramic valley view. Situated in the heart of the Golden Triangle between Freeway I-15 and 215 in Temecula Valley, it is centrally located between Orange, Los Angeles, and San Diego County. The property is suitable for high-density residential and mixed-use commercial development. The sale includes two parcels, which can be purchased separately or together. There is a home on each parcel, and both are tenant-occupied, generating a total monthly rental income of $3,500. The properties are being sold "AS IS," with the value primarily attributed to the land. Currently zoned mixed-use/office with a "TRANSIT ORIENTED HIGH DENSITY RESIDENTIAL OVERLAY," the future potential development includes "HIGH DENCITY / MULTIFAMILY RESIDENTIAL MINIMUM OF 30 UNITS PER ACERES," office spaces, a church, a private school, and a variety of other commercial uses.
Key Highlights
- Prime location in Temecula Valley's Golden Triangle, between I‑15 and 215 freeways.
- Excellent development opportunity for high‑density residential and mixed‑use commercial projects.
- Zoned mixed‑use/office with 'Transit Oriented High Density Residential Overlay'.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,528
Businesses Nearby
Explore this area
Business Placement
Demographics for 92562, CA
64,270
Population
22,362
Households
2.9
Avg Household Size
38
Median Age
34%
College-Educated
94%
High-School Grad
110.3 sq mi
ZIP Area
583
Density / Sq Mi
$113,204
Median Household Income
$55,495
Median Earnings
$2,262
Median Rent
$629,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Prime land for high-density residential and mixed-use development.
Where is this commercial land located?
The property is located at 40480 Carrigan Rd 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, between I‑15 and 215 freeways.; Excellent development opportunity for high‑density residential and mixed‑use commercial projects.; Zoned mixed‑use/office with 'Transit Oriented High Density Residential Overlay'.
