Hotel Murrieta 25860 Monroe ave 257 Room Hotel Murrieta, CA 92562 £4,540,243 (£17,666/Room)
INVESTMENT HIGHLIGHTS
- Great Location
- High Traffic
- High Visibility
- Close Proximity to Retail/Restaurants
EXECUTIVE SUMMARY
Avison Young is pleased to offer an exceptional 10.52-acre development parcel in Murrieta, CA. This well-positioned property has obtained full entitlements for hotel development and offers versatility for various commercial opportunities.
Sitting adjacent to the highway I-15 / I-215 interchange, the property provides excellent accessibility to two of the major freeways within the Inland Empire. With average vehicles per day exceeding 200,000, this high traffic location is ideal for both hospitality and commercial uses. The City of Murrieta has secured funding to comprehensively enhance Madison Avenue over the coming years under the Madison Corridor initiative. This enhancement will open up more than 220 acres of land in that area for potential future development.
Located in southwestern Riverside County with proximity to Los Angeles and San Diego, Murrieta is known for its suburban atmosphere, parks, and recreational opportunities. With a growing population, it offers a range of amenities such as shopping centers, restaurants, and schools.
Sitting adjacent to the highway I-15 / I-215 interchange, the property provides excellent accessibility to two of the major freeways within the Inland Empire. With average vehicles per day exceeding 200,000, this high traffic location is ideal for both hospitality and commercial uses. The City of Murrieta has secured funding to comprehensively enhance Madison Avenue over the coming years under the Madison Corridor initiative. This enhancement will open up more than 220 acres of land in that area for potential future development.
Located in southwestern Riverside County with proximity to Los Angeles and San Diego, Murrieta is known for its suburban atmosphere, parks, and recreational opportunities. With a growing population, it offers a range of amenities such as shopping centers, restaurants, and schools.
PROPERTY FACTS
| Price | £4,540,243 |
| Price Per Room | £17,666 |
| Sale Type | Investment |
| Sale Condition | Development Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | A |
| Lot Size | 10.52 AC |
| Construction Status | Proposed |
| Building Size | 104,406 SF |
| No. Rooms | 257 |
| Number of Floors | 9 |
| Year Built | 2027 |
| Corridor | Exterior |
AMENITIES
- High Speed Internet Access
- Public Access Wi-Fi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | £162.81 | - |
| Guest Room | 255 | £120.77 | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 910-020-009 | Improvements Assessment | £0 |
| Land Assessment | £190,706 | Total Assessment | £190,706 |
ZONING
| Zoning Code | MU2 (Hospitality) |
