Benton @ Washington Street
Winchester, CA 92596 Winchester

Overview: 
 Located in the heart of French Valley, the Property is north of Temecula in Riverside County, Southern California. New home developments and recently built neighborhoods border the acreage, and large public builders have and continue to acquire land to build new homes. The Property is Planning Area 36 of the nearly built-out Winchester 1800 Specific Plan approved many years ago by the County of Riverside. The Property is zoned commercial with multiple potential uses. The County may consider a rezone to residential or mixed-use, and the Seller will allow the Buyer to research that possibility. Temecula Valley Unified School District operates the schools in this area.
 
Location:  
From the South and North – Interstate 15 north to Winchester Road, exit east to Benton Road (shows as Benton Street on digital maps) travel south to Washington Street. The Property is located on the northeast corner of Benton and Washington.
Market: 
The French Valley area east of Temecula and south of Murrieta shares many of the characteristics of those two cities – housing types and prices, schools, shopping, and demographics. New or existing homes border the property on three sides. Benton Street provides access to these communities, and Washington Street provides an alternative north-south alternative to Winchester Road. In being surrounded by new home construction and existing homes priced in the mid $500,000's to more than $600,000. Home prices and land values in the area soared in the last two years as new-home sales volume increased. Recent land sales range from $100,00 per acre to $400,000. Property delivered to the Buyer entitled, or the Buyer entitles before the close adds significant value.

Land Sales: -
Recent land sales have involved public home builders acquiring what appears to be unentitled agricultural land outside of the specific plan. A nearby closing on Benton involved a home builder that changed commercial land to residential before the close.

Community: 
The community consists of young families where both parents are likely to have some college education. More than twenty percent have a college degree, and nearly nine 10 percent have post-graduate degrees. 

Schools: - Temecula Valley Unified School District serves the property. Elementary school students will attend French Valley Elementary School, Bella Vista Middle School, and Chaparral High School.