25860 Monroe ave - Hospitality FOR SALE


Murrieta, CA 92562
$5,940,000 USD
951-267-2752
25860 Monroe ave, Murrieta, CA for Sale
$5,940,000 USD
Hospitality - FOR SALE
1/3
null | Request Cap Rate

25860 Monroe ave
Murrieta, CA 92562


HIGHLIGHTS

  • Great Location
  • High Visibility
  • High Traffic
  • Close Proximity to Retail/Restaurants

OVERVIEW

Avison Young is pleased to offer an exceptional 10.52-acre development parcel in Murrieta, CA. This well-positioned property has obtained full entitlements for hotel development and offers versatility for various commercial opportunities. Sitting adjacent to the highway I-15 / I-215 interchange, the property provides excellent accessibility to two of the major freeways within the Inland Empire. With average vehicles per day exceeding 200,000, this high traffic location is ideal for both hospitality and commercial uses. The City of Murrieta has secured funding to comprehensively enhance Madison Avenue over the coming years under the Madison Corridor initiative. This enhancement will open up more than 220 acres of land in that area for potential future development. Located in southwestern Riverside County with proximity to Los Angeles and San Diego, Murrieta is known for its suburban atmosphere, parks, and recreational opportunities. With a growing population, it offers a range of amenities such as shopping centers, restaurants, and schools.

FOR SALE DETAILS

PRICE

$5,940,000 USD

PRICE/SF

$57 USD /SF

# OF ROOMS

257

PRICE/ROOM

$23,113 {currency}

CAP RATE

Request Cap Rate

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hotel Murrieta

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

9

ROOM ENTRANCE

Exterior

BUILDING CLASS

A

YEAR BUILT

2027

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.52 AC

LAND SF

458,251 SF

ZONING

MU2

APN/PARCEL ID

910-020-009

ASK ABOUT THIS PROPERTY

Cody LernerAvison YoungMore Info
951-267-2752

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Cody LernerAvison YoungMore Info
951-267-2752

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.