41950 6th St
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41950 6th St
1,300 SF 100% Leased Retail Building Temecula, CA 92590 $2,300,000 ($1,769/SF)
Investment Highlights
- Great Temecula Old Town Location
- Great Re-Development Opportunity
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
$2,300,000
Price Per SF
$1,769
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Land Acres
0.32 AC
Zoning
C1 - Retail Trade
Parking
5 Spaces (3.85 Spaces per 1,000 SF Leased)
Frontage
71 FT on 6th Street
Amenities
- Air Conditioning
- Smoke Detector
Walk Score ®
Very Walkable (76)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 922-024-003 | Improvements Assessment | $91,135 |
Land Assessment | $498,572 | Total Assessment | $589,707 |
PROPERTY TAXES
Parcel Number
922-024-003
Land Assessment
$498,572
Improvements Assessment
$91,135
Total Assessment
$589,707
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41950 6th St
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