Hotel Murrieta | 25860 Monroe ave
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Hotel Murrieta 25860 Monroe ave
257 Room Hotel Murrieta, CA 92562 $8,419,772 CAD ($32,762 CAD/Room)
Investment Highlights
- Great Location
- High Traffic
- High Visibility
- Close Proximity to Retail/Restaurants
Executive Summary
Avison Young is pleased to offer an exceptional 10.52-acre development parcel in Murrieta, CA. This well-positioned property has obtained full entitlements for hotel development and offers versatility for various commercial opportunities.
Sitting adjacent to the highway I-15 / I-215 interchange, the property provides excellent accessibility to two of the major freeways within the Inland Empire. With average vehicles per day exceeding 200,000, this high traffic location is ideal for both hospitality and commercial uses. The City of Murrieta has secured funding to comprehensively enhance Madison Avenue over the coming years under the Madison Corridor initiative. This enhancement will open up more than 220 acres of land in that area for potential future development.
Located in southwestern Riverside County with proximity to Los Angeles and San Diego, Murrieta is known for its suburban atmosphere, parks, and recreational opportunities. With a growing population, it offers a range of amenities such as shopping centers, restaurants, and schools.
Sitting adjacent to the highway I-15 / I-215 interchange, the property provides excellent accessibility to two of the major freeways within the Inland Empire. With average vehicles per day exceeding 200,000, this high traffic location is ideal for both hospitality and commercial uses. The City of Murrieta has secured funding to comprehensively enhance Madison Avenue over the coming years under the Madison Corridor initiative. This enhancement will open up more than 220 acres of land in that area for potential future development.
Located in southwestern Riverside County with proximity to Los Angeles and San Diego, Murrieta is known for its suburban atmosphere, parks, and recreational opportunities. With a growing population, it offers a range of amenities such as shopping centers, restaurants, and schools.
Property Facts
Price | $8,419,772 CAD | Lot Size | 10.52 AC |
Price Per Room | $32,762 CAD | Construction Status | Proposed |
Sale Type | Investment | Building Size | 104,406 SF |
Sale Conditions | Redevelopment Project | No. Rooms | 257 |
Property Type | Hospitality | No. Stories | 9 |
Property Subtype | Hotel | Year Built | 2027 |
Building Class | A | Corridor | Exterior |
Price | $8,419,772 CAD |
Price Per Room | $32,762 CAD |
Sale Type | Investment |
Sale Conditions | Redevelopment Project |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | A |
Lot Size | 10.52 AC |
Construction Status | Proposed |
Building Size | 104,406 SF |
No. Rooms | 257 |
No. Stories | 9 |
Year Built | 2027 |
Corridor | Exterior |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
Description | No. Rooms | Daily Rate | SF |
---|---|---|---|
Suite | 2 | $301.92 CAD | - |
Guest Room | 255 | $223.96 CAD | - |
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PROPERTY TAXES
Parcel Number | 910-020-009 | Improvements Assessment | $0 CAD |
Land Assessment | $353,659 CAD | Total Assessment | $353,659 CAD |
PROPERTY TAXES
Parcel Number
910-020-009
Land Assessment
$353,659 CAD
Improvements Assessment
$0 CAD
Total Assessment
$353,659 CAD
zoning
Zoning Code | MU2 (Hospitality) |
MU2 (Hospitality) |
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Hotel Murrieta | 25860 Monroe ave
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