29955 Technology DrMurrieta, CA 92563

Property Details for 29955 Technology Dr

Year built

2006

Construction

TILT-UP CONCRETE

Property size (Sq ft)

1,412 SF

Property type

Retail space

APN

957-331-024

APU

957331024

Description

This exceptional retail or restaurant opportunity is located at 29955 Technology Drive in the thriving Murrieta submarket of Riverside County. The property boasts a total of 24,948 square feet, with 2,135 square feet currently available for lease. Built in 2006, this multi-tenant building sits on a generous 5.65-acre lot and is zoned SP. The property features three parking spaces and offers excellent visibility due to its Winchester Road frontage. The location is surrounded by a strong daytime and residential population, making it ideal for a variety of commercial uses. Its strategic position within the Murrieta trade area, surrounded by other retail establishments, offices, business parks, and residential areas, ensures high foot traffic and strong potential for success. The property's APN is 957-331-024 thru 033. This is a rare opportunity to secure a well-positioned retail space in a vibrant and growing community. Don't miss out on this chance to establish your business in a prime Murrieta location. The available space is perfectly suited for retail and/or service-oriented commercial users.

• CAP approach

  CAP return

  Valuation

  6%

  $570,470

  6.5%

  $526,588

  7%

  $488,974

• Comparable approach

  Method

  Valuation

  Relative Method

  $624,195

  Geo Method

  $1,252,394

• Alternative Use

  Use

  Valuation

  Residential

  $444,196

  Hospitality

  $406,881

  Educational

  $338,521

  Medical

  $350,163

  Retail

  $526,588

Location Insight

City

Murrieta

County

Riverside

State

California

Latitude

33.5601

Longitude

-117.138

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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