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$777,000
Est. payment /mo
16.8 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
Subdivision Fallbrook
MLS Listing ID SW26143744
Lot Size 16.800 Acres
Property Sub-Type Lots/Land
Property Type Lots/Land
Property Description
Two spectacular parcels for sale zoned as Rural Residential. Parcels are 9.53 and 7.27, and border the north side of the Rainbow Restaurant then south and east, on Historic Old Highway 395. These parcels are prime for housing developments, builder owner, storage, agriculture, or living off the grid. The larger parcel includes prime advertising space with hundreds of thousands of views per week. There is currently a billboard lease with several years remaining with an advertiser who subleases it. Seller earns $2,000 per month from 1 billboard, which is highly discounted. There is much more income potential from the 1 billboard as well as potential to create more. Why not multiply your income? You could potentially build up the advertising income to pay off your development costs. The advertising potential is just icing on the cake. Water, gas, electric are all extremely close to the property line.
Location
State CA
County San Diego
Direction Parcels border east and south of Rainbow Restaurant 16 acres down to the billboard 1/2 mile south on 395.
Interior
Fireplace No
Exterior
Utilities Available Cable TV, Electric, Natural Gas, Telephone
View Y/N No
Others
Senior Community No
Tax ID 1025301900
Acceptable Financing Cash, Conventional, Exchange, FHA, VA
Listing Terms Cash, Conventional, Exchange, FHA, VA
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Listed by Shane Strong, DRE#02248187 KW Temecula
Nearby School & Business
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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