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25070 - 25080 Madison Avenue - Madison Square, Murrieta, CA
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25070 - 25080 Madison Avenue - Madison Square
NEC of Madison Ave. & Los Alamos Rd.
Murrieta, CA 92562-8916 - South Riverside Submarket
2.67 AC (116,501 SF)
For Sale Price:
Condo (see detail)
This property has 1 condo for sale. The size of the for sale condo is 46,520 SF.
500 Surface spaces are available; Ratio of 4.31/1,000 SF
Best Buy, Staples
Condos For Sale:
Center is located at a signalized corner with numerous residential tracts and apartments existing or under construction nearby and within 1/2 mile of the new Murrieta Town Square that encompasses approximately 36 acres and over 300,000 sf of development, including a new police department, City Hall, a library, senior center, and a 5-acre park with amphitheater. Other nearby retailers include Home Depot, Wal-Mart, Kohl's, Lowe's, Big Lots, 99 Cents Only, Big 5 Sporting Goods, and PetsMart.
The subject property is located along Madison Avenue (24,100 AADT) in the heart of Murrieta. The property sits between Murrieta Hot Springs Road (42,600 AADT) to the south and Los Alamos Road (11,300 AADT) to the north. Madison Avenue is considered to be the primary retail corridor of Murrieta, as it features some of the most prominent shopping centers and retailers. This particular Best Buy is situated within the Madison Square Shopping Center which features national credit big box retailers such as Smart & Final and Staples. The shopping center benefits from excellent visibility and access, with both southbound and northbound travelers from Interstate 15 (124,000 AADT) being able to access the site via the Murrieta Hot Springs Road exit. Best Buy also has its own dedicated pylon signage on the side of Interstate 15, further enhancing visibility and consumer draw to the area.
The immediate area features some of the most dominant grocery and home improvement anchored retail centers in the city of Murrieta. Adjacent to the south of Madison Square is Murrieta Springs Plaza which is co-anchored by The Home Depot and Cardenas Market.
Murrieta is ideally situated at the junction of the I-15 and I-215 freeways with close proximity to San Diego, Los Angeles and Orange Counties. The city has grown over 400% since 1993 to a current population of 107,479, making it one of the fastest growing cities in the state. Murrieta and Temecula, to the south, together form the southwestern anchor of the Inland Empire region. With a population over 200,000, the Murrieta-Temecula valley is a dynamic, high growth area due to its educated and high income population comparable to communities in San Diego and Orange Counties. As a result of the booming growth in the area, the economy has benefited by an onset of new retail centers, industrial buildings and Class A offices having been completed in recent years with more in the planning process.
Murrieta is served by two major thoroughfares, Interstate 215 and Interstate 15. I- 215 traverses through eastern section of the city and I-15 traverses through the western section of the city. A large part of the eastern segment of the city is travelled via California State Route 79. Murrieta is recognized by the FBI as one of the top-10 safest cities in the U.S.
CLICK HERE TO CONTACT THE BROKER
CONDO SALE CONTACTS
Newmark Cornish & Carey - Maffia Team
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