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41950 6th St 1,300 SF 100% Leased Retail Building Temecula, CA 92590 $2,200,000 ($1,692.31/SF)



INVESTMENT HIGHLIGHTS
- Great Temecula Old Town Location
- Multiple Proposed Uses
- Excellent Visibility
- Great Re-Development Opportunity
- Well-Maintained Property
EXECUTIVE SUMMARY
OLD TOWN TEMECULA - INVESTORS, DEVELOPERS - Multiple Opportunities here to own and or develop this Commercial Retail Property. 4 Legal Lots- 14,000sf Footprint, Existing Retail Building- 41950 6th Street - 1,200sf. Across the street from the Farmer's Market and City Parking Lot. 4 Story Height Limit. Property is suitable for remaining as existing Retail/ Office, or to be developed as a boutique Hotel, Luxury Hotel, Mixed Use Center, New Retail, New Office, or Affordable Housing Complex. Several Conceptual Plans have been done. Owners are also amenable to a Joint Venture or Equity Partner. Existing short term retail tenant will provide interim cash flow during entitlement process. Contact City of Temecula Planning and/or Listing Agent for more information. 6 Lots and Sagebrush Center building next door to the East are also available separately.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
1,300 SF
Building Class
C
Year Built
1979
Price
$2,200,000
Price Per SF
$1,692.31
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
0.32 AC
Zoning
C1 - Retail Trade
Parking
5 Spaces (3.85 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 922-024-003 | Improvements Assessment | $94,816 |
| Land Assessment | $518,713 | Total Assessment | $613,529 |
PROPERTY TAXES
Parcel Number
922-024-003
Land Assessment
$518,713
Improvements Assessment
$94,816
Total Assessment
$613,529
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41950 6th St
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