27875 Garbani RdMenifee, CA 92584

  • Land
  • 17.79 AC
For Sale
$7,250,000 View listing

Property Details for 27875 Garbani Rd

Lot size
17.79 AC
Zone code
RR
Property type
Land
Property subtype
Commercial land
APN
360-350-007
APU
360350007

Description

This exceptional 17.79-acre parcel, located at the southeast corner of Garbani Road and Haun Road in Menifee, CA (APN 360-350-007), presents a unique investment opportunity. Situated on Haun Road, a freeway frontage road between existing I-215 interchanges at Scott and Newport Roads, this property offers unparalleled visibility and accessibility. The site, approximately 13 acres net of road setbacks, is zoned Community Core, allowing for a diverse range of commercial uses including hospitality, retail, and medical office developments. Its strategic location within the rapidly growing I-215 corridor in Menifee, a city boasting a strong household income ($109,395) and substantial population (116,472), promises significant future appreciation. The property's prime location is further enhanced by plans for a future I-215 interchange, ensuring exceptional long-term value. This is an ideal site for a variety of commercial projects, from hotels and corporate headquarters to retail centers, breweries, and restaurants. The asking price is $7,250,000. This is a rare opportunity to acquire a large, strategically located parcel in one of Southern California's fastest-growing areas. The property is privately owned. Broker co-op is available.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $243,783,216
    Hospitality
    $223,304,112
    Educational
    $185,786,400
    Medical
    $192,175,888
    Retail
    $289,001,088
27875 Garbani Rd, Menifee, California

Location Insight

City
Menifee
County
Riverside
State
California
Latitude
33.655
Longitude
-117.174
CBSA code
40140
CBSA name
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$4,875
$372,030
-
$372,030
-
-
-
-

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