Investment Overview

Marcus & Millichap is pleased to present 1720 Old Highway 395, in Fallbrook, CA. The property is located at the corner of Old Highway 395 and Stewart Canyon Road, and stretches nearly 10 AC. The property is located adjacent to Interstate-15 between the CA-76 Exit and the Old Hwy 395 Exit. The land is being offered at $300,000 per AC, nearly half of what comparable land sales have sold for the past 3 years. While the current zoning designation of A-70 allows for certain amount of uses, and the property can be rezoned via a general plan amendment. The seller had had this property under contract with a self-storage developer in the past, but the buyer was unable to close without having the entitlements already in place. San Diego County was supportive of the plan change project that did not end up transpiring. The seller is open to a either a quick sale without entitlements, or a longer escrow at a higher price, to facilitate the buyer’s entitlement process.