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    Haun Rd And Ln Piedra Rd Menifee, CA 92584

    Sponsored
    For Sale
    $22,000,000

    Prime 27-acre development site, I-215 frontage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 27.62-acre commercial land offering presents a remarkable development opportunity in Menifee, California. Comprising five parcels (APN: 364-450-007, 364-450-002, 364-450-001, 364-450-003, 364-450-004), this property boasts over 977 feet of prime frontage along Interstate 215, providing unparalleled visibility and accessibility. The EDC-CC zoning allows for a diverse range of commercial uses. Its strategic location adjacent to the thriving Countryside Marketplace, a high-performing shopping center anchored by major retailers such as Target, Lowe's, and Sprouts, ensures high traffic volume and a strong customer base. Furthermore, the property's proximity to Mt. San Jacinto College, with its substantial student population, presents additional market potential. The recent completion of the Holland Road overpass significantly improves traffic flow in the area, enhancing the property's desirability. This site is directly connected to the Menifee Town Center Master Plan, which includes a new justice center, a K-12 school, and numerous residential units, promising continued growth and development in the surrounding area. The asking price for this significant land parcel is $22,000,000. This property represents a unique investment opportunity in a rapidly expanding market.

    Property Features for 0 Haun Rd And Ln Piedra Rd

    General Information

    Property type
    Land
    Lot Size
    1,203,127 SF

    HighLights

    • 27.62‑acre commercial land parcel in Menifee, CA, comprised of five parcels.
    • 977 feet of I‑215 freeway frontage.
    • EDC‑CC zoning.
    • Adjacent to Countryside Marketplace, a high‑performing shopping center anchored by Target, Lowe's, and other major retailers.
    • Across from Mt. San Jacinto College.
    • Improved traffic flow due to the recently completed Holland Road overpass.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Menifee
    County
    Riverside
    State
    California
    Longitude
    -117.17553459005
    Latitude
    33.67748678196

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    FAQs

    What type of property is this?
    Land - Prime 27-acre development site, I-215 frontage.
    Where is this land located?
    The property is located at Haun Rd And Ln Piedra Rd Menifee, CA.
    What is the asking price?
    The asking price for this property is $22,000,000.
    What are key features of this property?
    This property features: 27.62-acre commercial land parcel in Menifee, CA, comprised of five parcels.; 977 feet of I-215 freeway frontage.; EDC-CC zoning.
    Request Owner's contact information
    Haun Rd And Ln Piedra Rd Menifee, CA 92584
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Haun Rd And Ln Piedra Rd Menifee, CA 92584
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