About 40480 Carrigan Road
GREAT DEVELOPEMENT AND INVESTMENT OPPORTUNITY. A prime location surrounded by ongoing multi-family, medical offices, shopping centers and walking distance to the new. Subject is MIXED USE and has Temecula Valley city lights and panoramic valley view in the heart of Golden Triangle between Freeway I-15 and 215 in Temecula Valley. Also located centrally between Orange, Los Angeles, and San Diego County. Excellent development opportunity for high density residential and mixed-use commercial. The sales include two parcels with APN# 949-180-011 for $2,000,000 & 949-180-012 for $1,798,000. Each parcel can be purchased separately or together. There is one home on each parcel and both homes are tenant occupied with a total monthly rental of $3,500. "VALUE IS IN LAND" properties being sold "AS IS". The properties are currently zoned mixed use/office with "TRANSIT ORIENTED HIGH DENSITY RESIDENTIAL OVERLAY ". The future potential development includes "HIGH DENCITY / MULTIFAMILY RESIDENTIAL MINIMUM OF 30 UNITS PER ACERES ", office, church, private school & variety of other commercial uses. Please see the attached supplements for more detail. Buyer and buyer broker/agent to do their due diligence verifying all information including zoning.
Features of 40480 Carrigan Road
| MLS® # | OC25035343 |
|---|---|
| Price | $3,798,000 |
| Bathrooms | 0.00 |
| Lot Size | 207,524 |
| Year Built | 1979 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active Under Contract |
Community Information
| Address | 40480 Carrigan Road |
|---|---|
| Area | SRCAR - Southwest Riverside County |
| City | Murrieta |
| County | Riverside |
| Zip Code | 92562 |
Amenities
| Utilities | See Remarks, Cable Connected, Electricity Connected, Phone Connected, Propane |
|---|---|
| Parking Spaces | 14 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central |
|---|---|
| Has Basement | No |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Exterior | Drywall, Metal Siding |
|---|---|
| Lot Description | Corner Lot, Gentle Sloping, Irregular Lot, Lot Over 40000 Sqft, Rolling Slope, Sloped Down, ThirtyOneToThirtyFiveUnitsAcre, TwoToFiveUnitsAcre, Value In Land |
| Roof | Clay, Composition |
| Construction | Drywall, Metal Siding |
Additional Information
| Date Listed | February 24th, 2025 |
|---|---|
| Days on Market | 447 |
| Zoning | Mixed Use,offic commercia |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Ed Farnaghi |
|---|---|
| Office | Coldwell Banker Realty |