33490 Bailey Park BlvdMenifee, CA 92584

Property Details for 33490 Bailey Park Blvd

Year built

1981

Construction

WOOD

Lot size

1.36 AC

Property size (Sq ft)

1,440 SF

Zone code

RR

Property type

Retail space

APN

384-180-048

APU

384180048

Description

This exceptional 1.36-acre commercial land parcel, located at 33490 Bailey Park Blvd, Menifee, CA 92584 (APN 384-180-048), presents a prime development opportunity. The property boasts excellent visibility from the I-215 freeway and convenient access via the Scott Road offramp, placing it within close proximity to major commercial and retail services. Currently fenced, this improved land is zoned EDC-SG within the City of Menifee, a designation that aligns with the city's vision for a thriving business park and retail environment. The asking price is $900,000. This location offers significant potential for a variety of commercial developments, benefiting from its high-traffic location and strategic positioning within a rapidly growing area. The substantial lot size provides ample space for a large-scale project, while the existing infrastructure and zoning make the development process more streamlined. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering. Don't miss this chance to secure a prime location in a burgeoning market.

• CAP approach

  CAP return

  Valuation

  6%

  $581,782

  6.5%

  $537,030

  7%

  $498,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $636,573

  Geo Method

  $1,277,229

• Alternative Use

  Use

  Valuation

  Residential

  $453,005

  Hospitality

  $414,950

  Educational

  $345,233

  Medical

  $357,107

  Retail

  $537,030

Location Insight

City

Menifee

County

Riverside

State

California

Latitude

33.6346

Longitude

-117.173

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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