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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
1 Lot Available
Lot
Price | $1,800,192 CAD | Lot Size | 0.27 AC |
Price Per AC | $6,667,378 CAD |
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.
PROPERTY TAXES
Parcel Number | 922-045-016 | Improvements Assessment | $0 CAD |
Land Assessment | $1,295,002 CAD | Total Assessment | $1,295,002 CAD |
PROPERTY TAXES
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.) |
Presented by
42045 3rd St
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