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42045 3rd St

0.27 Acres of Commercial Land Offered at $1,800,192 CAD in Temecula, CA 92590

Investment Highlights

  • Favorable development standards in the Old Town SP
  • 1.5 million yearly visitors
  • Up to four stories allowed

Property Facts

Price $1,800,192 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Mixed Use
  • Multifamily
  • Hospitality
  • Hold For Development
  • Hold For Investment
Total Lot Size 0.27 AC

1 Lot Available

Lot

Price $1,800,192 CAD
Price Per AC $6,667,378 CAD
Lot Size 0.27 AC

0.27AC/11,761 SF Lot

Description

The offering consists of one legal parcel totaling approximately 0.27 acres (+/- 11,761 square feet) located on 3rd Street, just west of its intersection with Old Town Front Street in the heart of Old Town Temecula. The property is located in the Old Town Specific Plan (SP-5) within the Downtown Core District which is intended to provide uses that support pedestrian oriented and mixed-use developments that accommodate a variety of land use focused on service oriented businesses. The height allowance is four stories and residential development between 40-70 DU/AC is also permitted with certain restrictions. The specific plan allows for favorable development standards and parking requirements (if any) are dependent on the proposed land use.

Walk Score ®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
922-045-016
Land Assessment
$1,295,002 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,295,002 CAD

zoning

Zoning Code Old Town SP - DTC (Within the Old Town SP and Downtown Core District which allows for a wide range of commercial and residential uses.)
Old Town SP - DTC (Within the Old Town SP and Downtown Core District which allows for a wide range of commercial and residential uses.)
  • Listing ID: 33287274

  • Date on Market: 2023-11-02

  • Last Updated:

  • Address: 42045 3rd St, Temecula, CA 92590

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