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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$777,000

Est. payment - /mo

16.8 Acres Lot

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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision Fallbrook

MLS Listing ID SW26143744

HOA Y/N No

Annual Tax Amount $2,300

Lot Size 16.800 Acres

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 to the property line.

Location

State CA

County San Diego

Area 92028 - Fallbrook

Interior

Fireplace No

Exterior

Community Features Foothills, Golf, Hiking

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

View Y/N Yes

View Hills, Mountain(s), Orchard, Rocks, Trees/Woods

Building

Lot Description Lot Over 40000 Sqft

Water Public

New Construction No

Others

Senior Community No

Tax ID 1025301900

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, Trust Conveyance, Trust Deed, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA, Trust Conveyance, Trust Deed, VA Loan

Special Listing Condition Standard

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Listed by Shane Strong KW Temecula 661-400-5900, DRE #02248187

NEARBY SCHOOL & BUSINESS

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0 Old Highway 395 Fallbrook, CA 92028