$1,150,000

The subject property is approximately 2.65 acres of relatively flat land with an existing single-family home as well as a small dwelling unit toward the back of the property. The property has approximately 185 feet of frontage along Adams Ave and is approximately 630 feet in length. To the south of the property is large 19 acre property with approved plans for 107 single family residential homes. This is a project that will be built by Century Communities with construction commencement anticipated for Q1 2025. Immediately to the north of the property are two multi-tenant office buildings totaling a combined 56,000+ SF of office space, as well as an equipment rental yard. The property is just 1.3 miles from I-15 at Murrieta Hot Springs Rd and 1.2 miles from I-15 at Kalmia St. Water and Power currently serve the existing structures on the property. There appears to be an existing storm drain in Adams Ave with the closest sewer available at the nearby Medical Office Building at the corner of Adams Ave & Ivy St.