Your email has been sent.
Benton - 17+ acres zoned commercial 17.63 Acres of Commercial Land Offered at $9,000,000 in Winchester, CA 92596
INVESTMENT HIGHLIGHTS
- Excellent residential neighborhood with great schools.
EXECUTIVE SUMMARY
The Winchester 1800 Specific Plan covered 1,600 acres between Winchester Road and Washington Street to the east. Keller Road bounds the community to the north and Auld Road to the south. Approved many years ago, the allowed 4,720 residential units are nearly all built. A few remaining communities are in the planning stages, and some conversions of planning areas designated for commercial to residential have occurred. County planners report that few unallocated units are available in the specific plan, and further conversion of commercial planning areas to residential will require analysis.
Allowed Commercial Uses:
There are 102 approved uses within this zone and another 26 allowed with a conditional-use permit. The permitted uses include 1. Gas stations but not with beer and wine sales; 2. Restaurants and other eating establishments; 3. Sporting good stores; 4. Shoe stores and repair shops; 5. Produce Markets; 6. Offices and business; 7. Pet shops; 8. Plumbing shops, but not contractors; 9. Nurseries and garden supply stores; 10.Laundries and laundromats; 11. Laboratories, medical, dental, research, and testing; 12. Jewelry stores with incidental repairs.13. Hobby shops; 14 Ice Cream shops; 15. Food markets and frozen food lockers; 16. Drug stores; 17. Delicatessens.
Potential Conversion to Residential:
In email communication, county planners stated that conversion to residential use would require a Specific Plan Amendment, General Plan Amendment, and Change of Zone. There is also a possibility that the County may be changing the Highway 79 Policy Area provisions to allow an easier path to conversion. However, planners have no details of the plan at this time.
PROPERTY FACTS In Escrow
| Price | $9,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 17.63 AC |
| Property Type | Land | Cross Streets | Washington Street |
| Zoning | SP - Planned development of residential from commercial. | ||
| Price | $9,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 17.63 AC |
| Cross Streets | Washington Street |
| Zoning | SP - Planned development of residential from commercial. |
1 LOT AVAILABLE
Lot
| Price | $9,000,000 | Lot Size | 17.63 AC |
| Price Per AC | $510,493.48 |
| Price | $9,000,000 |
| Price Per AC | $510,493.48 |
| Lot Size | 17.63 AC |
Buyer to verify acreage. Mostly flat with slight hill toward Washington Street / Road. Property is located on Benton Road (Digital Maps say Benton Street) and Washington Street.
DESCRIPTION
Overview: Located in the heart of French Valley, the Property is north of Temecula in Riverside County, Southern California. New home developments and recently built neighborhoods border the acreage, and large public builders have and continue to acquire land to build new homes. The Property is Planning Area 36 of the nearly built-out Winchester 1800 Specific Plan approved many years ago by the County of Riverside. The Property is zoned commercial with multiple potential uses. The County may consider a rezone to residential or mixed-use, and the Seller will allow the Buyer to research that possibility. Temecula Valley Unified School District operates the schools in this area. Location: From the South and North – Interstate 15 north to Winchester Road, exit east to Benton Road (shows as Benton Street on digital maps) travel south to Washington Street. The Property is located on the northeast corner of Benton and Washington. Market: The French Valley area east of Temecula and south of Murrieta shares many of the characteristics of those two cities – housing types and prices, schools, shopping, and demographics. New or existing homes border the property on three sides. Benton Street provides access to these communities, and Washington Street provides an alternative north-south alternative to Winchester Road. In being surrounded by new home construction and existing homes priced in the mid $500,000's to more than $600,000. Home prices and land values in the area soared in the last two years as new-home sales volume increased. Recent land sales range from $100,00 per acre to $400,000. Property delivered to the Buyer entitled, or the Buyer entitles before the close adds significant value. Land Sales: - Recent land sales have involved public home builders acquiring what appears to be unentitled agricultural land outside of the specific plan. A nearby closing on Benton involved a home builder that changed commercial land to residential before the close. Community: The community consists of young families where both parents are likely to have some college education. More than twenty percent have a college degree, and nearly nine 10 percent have post-graduate degrees. Schools: - Temecula Valley Unified School District serves the property. Elementary school students will attend French Valley Elementary School, Bella Vista Middle School, and Chaparral High School.
Presented by
Benton - 17+ acres zoned commercial
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.