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28250-28326 Old Town Front St
Temecula, CA 92590
Venti Old Town Plaza · Retail Property For Sale
Investment Highlights
- Distinguished investment opportunity to acquire the Venti Old Town Plaza, a fully leased neighborhood center with a mix of local tenants.
- Located on a 2.43-acre parcel with multi-use development zoning and the ability to build up to three stories (roughly 40 feet high).
- Venti Old Town Plaza experiences high-volume traffic due to its proximity to the freeway, making it a lively and easily accessible location.
- Walk to nearby amenities such as Starbucks, The Sugar Spot, E.A.T. Market, Soro's Mediterranean Grill, Bottega Italia, USPS, and Old Town Barbers.
- Old Town Temecula boasts several historic buildings, specialty shops, unique restaurants, arts venues, and craft breweries.
Executive Summary
Venti Old Town Plaza at 28250-28326 Old Town Front Street is a high-profile investment opportunity in Temecula, California. This single-story, 28,647-square-foot neighborhood center was built in 1990 across a 2.43-acre parcel.
The center is home to 12 locally known tenants, including Penfold's Café & Bakery, Friendly Dental Old Town, Dos Hermanos Artisans, and Pizzeria de' Milano. These stable, long-term tenants allow a new owner to utilize the current cash flow. Current tenants take advantage of the center's high visibility from the pylon and monument signage and the convenient on-site parking.
Future value-add potential exists due to the site's flexible SP-5 zoning for mixed-use purposes. Plans can be arranged to build up to three stories to accommodate multi-family housing, which would add significantly to the center's current profit.
Venti Old Town Plaza is at a signalized intersection between Old Front Street and Rancho California Road. This commonly traveled cross area is at the gateway to Old Town Temecula, visible to over 36,767 vehicles daily.
The plaza is within walking distance of a unique blend of shops, restaurants, hotels, entertainment, and events, including Temecula Special Games, Fourth of July celebrations, Culture Fest, and more. Temecula's vibrant event calendar, attracting approximately 3.1 million visitors annually from throughout Southern California, makes Old Town Temecula a prime destination for travelers and locals.
The center is home to 12 locally known tenants, including Penfold's Café & Bakery, Friendly Dental Old Town, Dos Hermanos Artisans, and Pizzeria de' Milano. These stable, long-term tenants allow a new owner to utilize the current cash flow. Current tenants take advantage of the center's high visibility from the pylon and monument signage and the convenient on-site parking.
Future value-add potential exists due to the site's flexible SP-5 zoning for mixed-use purposes. Plans can be arranged to build up to three stories to accommodate multi-family housing, which would add significantly to the center's current profit.
Venti Old Town Plaza is at a signalized intersection between Old Front Street and Rancho California Road. This commonly traveled cross area is at the gateway to Old Town Temecula, visible to over 36,767 vehicles daily.
The plaza is within walking distance of a unique blend of shops, restaurants, hotels, entertainment, and events, including Temecula Special Games, Fourth of July celebrations, Culture Fest, and more. Temecula's vibrant event calendar, attracting approximately 3.1 million visitors annually from throughout Southern California, makes Old Town Temecula a prime destination for travelers and locals.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
28,647 SF
Building Class
B
Year Built
1990
Price
$8,950,000
Price Per SF
$312.42
Cap Rate
6.26%
NOI
$560,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
2.36 AC
Zoning
C2
Parking
145 Spaces (5.6 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 921-070-019 | Improvements Assessment | $2,660,917 |
| Land Assessment | $1,144,900 | Total Assessment | $3,805,817 |
Property Taxes
Parcel Number
921-070-019
Land Assessment
$1,144,900
Improvements Assessment
$2,660,917
Total Assessment
$3,805,817
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