33490 Bailey Park BlvdMenifee, CA 92584
- Retail properties
- 1,440 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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