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INVESTMENT HIGHLIGHTS
- Development Land Portfolio Opportunity – Includes two (2) development land parcels
- High-Traffic Newport Road Location, Freeway Proximate with Regional Accessibility
- Zoned Commercial Retail (CR) within the Cal Neva Specific Plan, allowing for neighborhood, local, and regional serving retail and services
- Proven Retail Location – Newport Rd is THE retail hub for Menifee w/ retailers including Target, Lowe’s, Ralphs, Aldi, TJ Maxx, Best Buy & many others
EXECUTIVE SUMMARY
* Development Land Portfolio Opportunity – Includes two (2) development land parcels featuring an approximately 1-acre Newport Road fronting “pad” parcel and a large, approximate 18.39-acre parcel
* Commercial Use Flexibility – Zoned Commercial Retail (CR) within the Cal Neva Specific Plan, allowing for neighborhood, local, and regional serving retail and services uses including hotel uses – the permissible development density is between the minimum and maximum floor area ratio (FAR) of 0.20-0.35
* High-Traffic Newport Road Location, Freeway Proximate with Regional Accessibility – Ideally situated on Newport Road, the primary east/west arterial in Menifee with approximately 40,000-50,000 CPD and immediately west of the exit from the CA I-215 (±82,200 CPD), one of the region’s busiest freeways providing access to Orange, San Diego, and Inland Empire Counties
* Proven Retail Location – The larger Shops at Newport project has already been developed with a STNL McDonald’s and a 3-tenant retail strip center with Dunkin’ Donuts and Dunn-Edwards – Newport Road is THE retail hub for Menifee with retailers including Target, Lowe’s, Ralphs, Aldi, TJ Maxx, Best Buy, Ross, In-N-Out, Starbucks, Chipotle and many others
* Affluent Inland Empire Demographics – Average Household Income exceeds $100,000 within the 1, 3, and 5-mile radius rings
* Commercial Use Flexibility – Zoned Commercial Retail (CR) within the Cal Neva Specific Plan, allowing for neighborhood, local, and regional serving retail and services uses including hotel uses – the permissible development density is between the minimum and maximum floor area ratio (FAR) of 0.20-0.35
* High-Traffic Newport Road Location, Freeway Proximate with Regional Accessibility – Ideally situated on Newport Road, the primary east/west arterial in Menifee with approximately 40,000-50,000 CPD and immediately west of the exit from the CA I-215 (±82,200 CPD), one of the region’s busiest freeways providing access to Orange, San Diego, and Inland Empire Counties
* Proven Retail Location – The larger Shops at Newport project has already been developed with a STNL McDonald’s and a 3-tenant retail strip center with Dunkin’ Donuts and Dunn-Edwards – Newport Road is THE retail hub for Menifee with retailers including Target, Lowe’s, Ralphs, Aldi, TJ Maxx, Best Buy, Ross, In-N-Out, Starbucks, Chipotle and many others
* Affluent Inland Empire Demographics – Average Household Income exceeds $100,000 within the 1, 3, and 5-mile radius rings
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 19.39 AC |
| Property Type | Land | ||
| Zoning | Commercial Retail | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 19.39 AC |
| Zoning | Commercial Retail |
1 LOT AVAILABLE
Lot
| Lot Size | 19.39 AC |
| Lot Size | 19.39 AC |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $3,967,435 CAD | Total Assessment | $3,967,435 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,967,435 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,967,435 CAD
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Newport Rd & Bradley Rd - Development Land
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