For Sale
$5,300,000

28130 Clinton Keith RdMurrieta, CA 92563

7.78 Acres, Prime Murrieta Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 7.78-acre commercial land parcel in Murrieta, CA, presents a remarkable investment opportunity. Located on Clinton Keith Road (approx. 40,000 vehicles per day) with direct access to I-215 (approx. 105,000 vehicles per day), this property boasts unparalleled visibility and accessibility within Murrieta's thriving retail center. The site is strategically positioned near Menifee, Temecula, and Wildomar, with proximity to San Diego County. This property is part of a brand-new Costco-anchored center, surrounded by established national retailers including Starbucks, Aldi, Farmer Boys, and many more. The area benefits from a strong retail trade area and is served by numerous schools, including several high schools and nearby universities. Murrieta consistently ranks as one of the safest and most affluent cities in Riverside County, experiencing significant population growth. Importantly, this property is approved for multi-building commercial development. All necessary offsite work, including streets, streetlights, water, power, and sewer, is complete, representing an approximate $1,700,000 investment already made. This translates to a net purchase price of approximately $3,600,000, or $10.63 per square foot. The development permits are transferable to the new owner. This is a rare opportunity to acquire a fully permitted, ready-to-develop commercial site in a high-growth, desirable location. The APN is 392-290-066. The property is offered fee simple.

Highlights

  • Approved for multi-building commercial development.
  • Development permits are transferable to future owners.
  • All offsite infrastructure (streets, utilities) is complete.
  • $1.7M in completed offsite infrastructure reduces effective purchase price to $3.6M, or $10.63/SF.

Property Details for 28130 Clinton Keith Rd

Property type
Land
Lot Size (sq. ft)
338,897 SF

Location Insight

City
Murrieta
County
Riverside
State
California
Latitude
33.59985775452
Longitude
-117.16913061929
28130 Clinton Keith Rd, Murrieta, California

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28130 Clinton Keith Rd
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