Land - 28170 Jefferson Avenue, Temecula, CA

$15,000,000

28170 Jefferson Avenue, Temecula, CA

28170 Jefferson Avenue, Temecula, CA 92590 - $15,000,000 · Land for Sale, photo 3

28170 Jefferson Avenue, Temecula, CA 92590 - $15,000,000 · Land for Sale, photo 4

28170 Jefferson Avenue, Temecula, CA 92590 - $15,000,000 · Land for Sale, photo 5

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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

Property details

Property type

Land

Lot size

155,945 sqft

Location

28170 Jefferson Avenue • Temecula, CA 92590

More homes for sale and rent in Temecula, CA →

Listed by

Chris Lee · Pacific Sotheby's Int'l Realty

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