Bought with Randy Roth • Fairway and Ranch Realty
$500,000
$825,000
39.4%For more information regarding the value of a property, please contact us for a free consultation.
168 5th Street Rainbow, CA 92028
415,127 SqFt
Key Details
Sold Price $500,000
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Square Footage 415,127 sqft
Price per Sqft $1
MLS Listing ID CRSW23140907
Sold Date 11/15/23
HOA Y/N No
Lot Size 9.530 Acres
Property Sub-Type Unimproved Land
Source Datashare California Regional
Property Description
DRASTIC PRICE REDUCTION!! Motivated Seller! WANTS IT SOLD NOW!! Investment Opportunity! Enjoy monthly income of ($2000/MONTH) billboard sign lease. The subject property includes 2 parcels totaling 16.8 acres (APN #102-530-18-00 and APN #102-530-19-00) At the miniumu will support 2 residential sites. There is approx. 849 feet of frontage off Old Highway 395, including direct frontage of Interstate 15. The property is also right next door to the historic Rainbow Oaks Restaurant which also includes a gas station, grocery store, and cabanas. There are many potentials such as: residential use, nursery, storage,small rv park or other commercial use with a possible zoning change or CUP (Conditional Use Permit). Buyer to verify any potential use with San Diego County Building and Safety Dept. Many possible home sites, flat usable land, a panoramic view, lush tropical vegetation, endless oak tress, and a year round creek running through the property. Will clean up like a park!! Buyer to verify property access points. All utilities are at the street, there is a 2" water meter. There is a MWD Aqueduct easement going between the 2 properties Property nearest freeway has an old elevated pad site on south part upper area. Fantastic Opportunity awaits! 2 APNS 102-530-18,19 San Diego county Fall
Location
State CA
County San Diego
Interior
Fireplace No
Exterior
View Trees/Woods, Other
Building
Lot Description Paved
Water Public
Read Less
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