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26420 Palomar Rd
Menifee, CA 92585
Palomar Yard · Industrial Property For Sale

Investment Highlights

  • CONTRACTOR'S YARD, STORAGE, TRUCKS- Entitlement Progress as of Mar/2025, is approx. 50%. Buyer takes over. Ideal time if buyer wants a different use
  • Multi-tenants or Owner Occupy - Tremendous Rent Upside Potential
  • OWNER USER OPTION --Easement Option worth 350K

Executive Summary

**Seller May consider carrying a small loan**
For Sale: 3.52 ACRES YARD. Entitlement progress as of Mar 2025 is approximately 50%, and the buyer can take over. The entitlement includes a contractor’s yard for storing building and landscaping materials, tools, heavy equipment, truck & employee parking, with an additional manufacturing component. No new construction is planned. The entitlement also allows for housing/office and manufacturing facility that may be leased to third parties for producing non-toxic household items. A night watchman’s quarters and office will remain on-site. Exceptional 3.52-Acre Industrial Property with 3 Buildings. This unique property offers 3 buildings totaling approximately 10,918 square feet on a prime 3.52-acre lot. The site includes a warehouse (approximately 6,000 sqft), an office building (2,418 sqft), and a shop (approximately 2,500 sqft). UNIQUE OPPORTUNITY: The owner is transferring the entitlement process, along with an executed easement option valued at 300K. Inquire with the agent for more details. Currently leased through June 2026, this property features industrial zoning allowing for a variety of uses, including warehousing, distribution, assembly, light manufacturing, repair facilities, business parks, and corporate offices. The zoning also permits employee-intensive uses such as research and development, technology centers, clean industry, as well as supporting hotel and retail developments. The permissible development density is flexible within the allowable floor area ratio, offering significant potential for expansion or redevelopment. LOCATION: Conveniently situated just 1 mile from the 215 Freeway, and within 25 minutes of Perris, Riverside, and Temecula. UTILITIES: The property is connected to city water, with power supplied by generators, and septic and propane systems in place. SOLD AS-IS: The property is being sold in its current condition. Buyers are encouraged to conduct thorough due diligence regarding square footage, zoning, licensing, entitlements, easement options, and utilities. Brokers/agents are not responsible for discrepancies related to these aspects. Contact the agent for further information and to schedule a viewing.
Contact the agent for further information and to schedule a viewing.

Property Facts In Escrow

Sale Type Investment or Owner User
Cap Rate 4.87%
Sale Conditions
1031 Exchange
  • Redevelopment Project
Property Type Industrial
Property Subtype
Manufacturing
  • Flex Light Manufacturing
  • Industrial Warehouse
  • FlexLight Distribution
Building Class B
Lot Size 3.58 AC
Rentable Building Area 9,918 SF
No. Stories 1
Year Built 1980
Parking Ratio 3.1/1,000 SF
Clear Ceiling Height 14’
No. Drive In / Grade-Level Doors 2
Cross Streets Matthews
Zoning BP/Light Industrial - Allows industrial and related uses including warehousing/distribution, assembly and light manufacturing, repair facilities, and business parks.

Amenities

  • Fenced Lot
  • Front Loading
  • Yard
  • Storage Space

Utilities

  • Gas - Propane
  • Water - City Water
  • Sewer - Septic Field
  • Heating - Electric

Property Taxes

Property Taxes

Parcel Number
331-220-043
Land Assessment
$1,251,505 CAD
Improvements Assessment
$1,735,041 CAD
Total Assessment
$2,986,545 CAD
  • Listing ID: 33075873

  • Date on Market: 2024-09-05

  • Last Updated:

  • Address: 26420 Palomar Rd, Menifee, CA 92585

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