10.52 Acres of Land for Redevelopment
25860 Monroe Avenue, Murrieta, CA 92562
The Offering
Property Overview
- LAND AREA ±10.52 AC
- APN 910-020-014
- SALE PRICE $5,940,000
- PRICE PER ACRE $564,600
- ZONING Innovation
- ENTITLEMENTS Fully Entitled Hotel Development
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.