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    Ethanac Rd Menifee, CA 92584

    For Sale
    $480,000

    High-traffic .91-acre lot, I-215 access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 0.91-acre commercial/industrial lot in Menifee, CA, presents a unique investment opportunity. Located on Ethanac Road, a major east-west artery bordering Menifee and Perris, the property boasts approximately 132 feet of road frontage, ensuring high visibility and accessibility. Its strategic location provides quick access to the I-215 freeway, further enhancing its appeal. The property has been in the same family for almost a century. This parcel is situated within the Northern Economic Development Corridor (EDC) zoning in Menifee, a rapidly growing area characterized by new housing developments and an expanding warehousing and light industrial sector. The EDC zoning permits a wide variety of commercial uses, including but not limited to retail establishments, restaurants, light and medium-intensity manufacturing (heavy intensity with a Conditional Use Permit), warehousing, various service businesses, and more. The permitted uses also encompass a range of options such as medical clinics, banks, car washes, and even breweries with on-site tasting rooms. This versatile zoning makes the property suitable for a diverse range of commercial ventures. The property's size, location, and zoning create a compelling opportunity for developers and investors seeking a foothold in this thriving Southern California market. The APN is 331110003. The asking price is $480,000.

    Property Features for 0 Ethanac Rd

    General Information

    Property type
    Land
    Lot Size
    39,640 SF

    HighLights

    • 0.91‑acre lot with approximately 132 feet of Ethanac Road frontage, providing high visibility and easy I‑215 freeway access.
    • Located in a prime Menifee/Perris commercial/retail zone, within a rapidly growing warehousing and light industrial area, near new and planned housing developments.
    • Zoned for diverse commercial uses, including retail, restaurants, light industrial, and various service businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Menifee
    County
    Riverside
    State
    California
    Longitude
    -117.18395352398
    Latitude
    33.742943484265

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    FAQs

    What type of property is this?
    Land - High-traffic .91-acre lot, I-215 access
    Where is this land located?
    The property is located at Ethanac Rd Menifee, CA.
    What is the asking price?
    The asking price for this property is $480,000.
    What are key features of this property?
    This property features: 0.91-acre lot with approximately 132 feet of Ethanac Road frontage, providing high visibility and easy I-215 freeway access.; Located in a prime Menifee/Perris commercial/retail zone, within a rapidly growing warehousing and light industrial area, near new and planned housing developments.; Zoned for diverse commercial uses, including retail, restaurants, light industrial, and various service businesses.
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    Ethanac 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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    Ethanac Rd Menifee, CA 92584
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