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27130 Scott Road

Menifee, CA 92584
  • $750,000
  • STATUS: Active Under Contract
  • ON SITE: 233 Days
  • ID#: IV21077309
Under Contract
UPDATED: 65 min ago
$750,000
  • 0
    BEDS
  • 9.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing provided courtesy of Brandon Sudweeks of Coldwell Banker Commercial Sc

Description

The property currently contains a 1,800 SF three bedroom, two bathroom house with a detached garage. The house contains a fenced in yard/ driveway.The structure is located in the South-West corner of the property along Scott Rd. The house is currently being used as a rental property and isgenerating approx $2,500 / month in income.The existing structure is a good way to generate income while processing land development entitlements.The property sits on flat topography with most to all of the land being usable space. The property has utilities available with recentlyupgraded septic at sight of existing structure. The property is within the City of Menifee which offers the following services: Water: Eastern Municipal Water District Electricity: Southern California Edison Gas: Southern California Gas Company Phone: Frontier Communications Fire: Riverside County Fire Department Police: Riverside County Sheriffs DepartmentLow Density ResidentialThrough several talks with the City of Menifee, we believe they would be in favor of rezoning this land from a minimum requirement of onelot per acre to one lot per half acre. The city of Menifee continues to grow both from a commercial as well as a residential standpoint, andthis centrally located property would be a great location for developers to invest in. The city continues to encourage new developmentsand is need of more housing.LocationThe property is located just of a mile west of I-215 on a hard corner of Scott Rd and Ascot Way. Scott Rd is one of the two mainthoroughfares in Menifee. Scott Rd also turns into Bundy Canyon which places the subject property just 6 miles from I-15 and 45 milesfrom Orange County. The property is located just of a mile from a major retail center with Albertsons, Wells Fargo, 7/11, as well asmultiple restaurants in the area.Scott Rd improvements:Current plans are in place to widen Scott Rd to five lanes. Current construction of the Scott Rd / I-215 Interchange Project is set to becompleted by Spring 2020. The project will widen the Scott Rd bridge to 6 lanes and expand on/off ramps to two lanes for off ramps andthree lanes for on ramps. The citys goal is to increase the flow of traffic in hopes of spurring new development projects within the area.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-03T10:26:01.02. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pam Spadafore & Associates | Coldwell Banker Residential Brokerage. Licensed in the State of California, USA.
www.coastalhomesoc.com/homes/116076170
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27130 Scott Road Menifee, CA 92584

  • Price: $750,000
  • Status: Active Under Contract
  • On Site: 233 Days
  • Updated: 65 min ago
  • ID#: IV21077309
0
Beds
0
Baths
0
½ Baths
9.12
Acres
Neighborhood:
Srcar - Southwest Riverside County
County:
Riverside
Area:
Srcar - Southwest Riverside County
Property Description
The property currently contains a 1,800 SF three bedroom, two bathroom house with a detached garage. The house contains a fenced in yard/ driveway.The structure is located in the South-West corner of the property along Scott Rd. The house is currently being used as a rental property and isgenerating approx $2,500 / month in income.The existing structure is a good way to generate income while processing land development entitlements.The property sits on flat topography with most to all of the land being usable space. The property has utilities available with recentlyupgraded septic at sight of existing structure. The property is within the City of Menifee which offers the following services: Water: Eastern Municipal Water District Electricity: Southern California Edison Gas: Southern California Gas Company Phone: Frontier Communications Fire: Riverside County Fire Department Police: Riverside County Sheriffs DepartmentLow Density ResidentialThrough several talks with the City of Menifee, we believe they would be in favor of rezoning this land from a minimum requirement of onelot per acre to one lot per half acre. The city of Menifee continues to grow both from a commercial as well as a residential standpoint, andthis centrally located property would be a great location for developers to invest in. The city continues to encourage new developmentsand is need of more housing.LocationThe property is located just of a mile west of I-215 on a hard corner of Scott Rd and Ascot Way. Scott Rd is one of the two mainthoroughfares in Menifee. Scott Rd also turns into Bundy Canyon which places the subject property just 6 miles from I-15 and 45 milesfrom Orange County. The property is located just of a mile from a major retail center with Albertsons, Wells Fargo, 7/11, as well asmultiple restaurants in the area.Scott Rd improvements:Current plans are in place to widen Scott Rd to five lanes. Current construction of the Scott Rd / I-215 Interchange Project is set to becompleted by Spring 2020. The project will widen the Scott Rd bridge to 6 lanes and expand on/off ramps to two lanes for off ramps andthree lanes for on ramps. The citys goal is to increase the flow of traffic in hopes of spurring new development projects within the area.
Exterior Features

Lot Features Corner LotLevel View HillsMountain(S)Neighborhood View YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Rural Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash New Construction YN No Senior Community YN No Special Listing Conditions Standard Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Source Public Zoning Rr



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-03T10:26:01.02. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pam Spadafore & Associates | Coldwell Banker Residential Brokerage. Licensed in the State of California, USA.
 
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Pam Spadafore & Associates | Coldwell Banker Residential Brokerage
31582 Coast HWY
Laguna Beach CA, 92651
Listing provided courtesy of Brandon Sudweeks of Coldwell Banker Commercial Sc