About This Home
This land at Old Highway 395 in Fallbrook, CA is listed for $777,000 (16.80 acres).
Key Features
- 16.80 acre lot
Amenities
PROPERTY IS IN ESCROW BUT SELLER IS OPEN TO BACKUP OFFERS IN CASE IT FALLS OUT OF ESCROW - 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
Old Highway 395
Fallbrook, CA 92028
Property Details
Views
Questions & Answers
This 0-bedroom, 0-bathroom land at Old Highway 395 is listed at $777,000. The estimated monthly payment is $4,156 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: 16.80 acre lot.
This property is listed by Shane Strong and can be reached at 6614005900.
