$15,000,000 USD
Land for Sale, Jefferson Avenue, Temecula, California 92590
- MLS#412845731
14,488 m² (155,944.8 ft²)
Listed By Pacific Sotheby's Int'l Realty
The Land for Sale located at Jefferson Avenue, Temecula, California 92590 is currently for sale. Jefferson Avenue, Temecula, California 92590 is listed for $15,000,000.
Property features
Lot/Land
- Land/Lot size:
14,488 m² (155,944.8 ft²)
Utilities
- Other utilities: None
Description
Attention: This is a shovel-ready Multifamily Development Opportunity for a 238 keys + Retail Project in one of California’s high growth mid-level markets to meet the demands of young professionals rising up quickly in the rental market. Targeting large scale developers ready to build as the rates are decreasing! •. Located in Temecula Wine Country in the SP-14 Uptown Specific Plans • Fully entitled for Two buildings totaling a 238-keys multifamily + approx. 27,000 Retail space for restaurants, conference/event space, or gyms. • Area is endowed with Steady population growth, accelerated income with a large percentage of population ‘aging-up’ to the rental market. • All entitlements secured after a highly lengthy process • Positioned for strong absorption post 2026 • Flat topography • Excellent Frontage and Close to famed Old Town Temecula
Location
Jefferson Avenue, Temecula, California 92590