41920 6Th St, Temecula, CA 92590
15,200 SF | 100% Leased | Retail Building | Temecula, CA 92590 | $3,700,000 ($243/SF)
Asking Price $3,700,000
- Sale Condition
- 1031 Exchange
- Property Type
-
Retail
- Square Feet
- 15,200 SF
- Price / Square Foot
- $243
Listing Contacts
- Property Info
Property Overview
OLD TOWN TEMECULA - INVESTORS, DEVELOPERS - Multiple Opportunities here to own and or develop this Commercial Retail Property. 6 Legal Lots- 21,000sf Footprint, Existing Retail Building- 41910/41920 6th Street - 14,000sf. 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. New Retail month to month tenants will provide interim cash flow during entitlement process. 2nd floor is not fully complete. Incredible upside to finish 2nd floor as Office and add 6,000sf of Leaseable space/ Push up Monthly Income and Cap Rate. Contact City of Temecula Planning and/or Listing Agent for more information. 4 Lots and building next door to the West are also available separately.
Property Details
- Class
- C
- Year Built
- 1987
- Stories
- 2
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 34,848 SF
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