28581 Front St - Office FOR SALE


Temecula, CA 92590
$6,800,000 USD
951-252-7889
28581 Front St, Temecula, CA for Sale
$6,800,000 USD
Office - FOR SALE
1/14
null | Request Cap Rate

28581 Front St
Temecula, CA 92590


HIGHLIGHTS

  • Prime Old Town Temecula Rare Opportunity to Acquire an 8,800 +/- SF Building on a .72 +/- AC Corner Commercial Parcel
  • Property offers Immediate Income and Exceptional Potential for Restaurant, Retail, Hospitality, Entertainment, or Mixed Use Redevelopment
  • Includes 16,552± SF Commercial Parcel Currently Paid Parking Lot, Creating Exceptional Flexibility for Expansion, Additional Parking or Development

OVERVIEW

Old Town Temecula Landmark Opportunity Rare opportunity to acquire a premier commercial assemblage in the heart of Old Town Temecula, one of Southern California's most successful dining, entertainment, and tourism destinations. This unique offering consists of an approximately 8,800± square foot, two story executive office building situated on a 14,810± square foot corner parcel together with an adjacent 16,552± square foot commercial parcel currently operated as a paid parking lot. Together, the properties comprise approximately 31,362± square feet (0.72± acres) and are offered as one exceptional investment and redevelopment opportunity. Located at the prominent northwest corner of Old Town Front Street and 4th Street, the existing office building is currently configured with executive office suites, conference facilities, a break kitchen, and multiple restroom facilities. The highly occupied building provides current income while allowing a future owner the flexibility to reposition or repurpose the property over time. The property is located within the Core Commercial District of the Old Town Specific Plan, one of the most flexible commercial zoning designations in the City of Temecula. The zoning supports a broad range of commercial uses including restaurants, retail, office, entertainment, hospitality, tasting rooms, specialty food and beverage concepts, and mixed use development, subject to buyer verification and City approvals. Unlike many commercial properties within Old Town, this offering combines an existing income producing building with an adjacent commercial parcel, creating exceptional flexibility for adaptive reuse, expansion, outdoor gathering areas, additional parking, or a comprehensive redevelopment plan. The conceptual redevelopment opportunities illustrated in the Offering Memorandum demonstrate just a few of the possibilities, including a signature restaurant, wine tasting and food hall, retail and restaurant village, or entertainment venue. Old Town Temecula continues to experience strong demand driven by its thriving restaurant scene, specialty retail, year round events, and its position as the gateway to Temecula Valley Wine Country. Opportunities to acquire commercial properties of this size, visibility, and redevelopment potential are increasingly limited, making this a rare opportunity for investors, developers, hospitality operators, and owner users seeking a landmark location in one of Southern California's most desirable downtown districts. Offering Price: $6,800,000

FOR SALE DETAILS

PRICE

$6,800,000 USD

PRICE/SF

$805 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Oak Park

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

Core Commercial - OTSP

APN/PARCEL ID

922-035-025

ASK ABOUT THIS PROPERTY

Terri DelhamerGRE Land & Commercial Real EstateMore Info
951-252-7889

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Terri DelhamerGRE Land & Commercial Real EstateMore Info
951-252-7889

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.