Unprecedented Deal for Temecula Development Opportunity
Newport Beach, CA (Vocus) September 9, 2009 -- The LFC Group of Companies is proud to announce the latest campaign on their commercial and land auction website LFC.com, a beautiful ± 25 acre residential vineyard estate development in Southern California’s up-and-coming Temecula Valley.
The Estates in Strada del Vino are located just off Rancho California Road on Anza Road, immediately south of South Coast Winery. The property is divided into five separate lots, each fully-entitled as a ± 5 acre residential vineyard estate lot. The land is zoned Citrus Vineyard and lends itself to a wide variety of uses including winery, bed and breakfast inn, tasting room, special occasion facility, and incidental gift sales. Additional commercial uses may be allowed with a Conditional Use Permit.
“These days, buyers have so much to choose from, but with minimum bids of just $149,000 for each lot, or about 75% below the previous asking price, this online auction really stands out,” said LFC’s Director of Operations Kelly Lovegrove. “There’s an incredible deal to be had here. It’s an opportunity for buyers to purchase prime land in the emerging southern California wine capital of Temecula. With recent comparable lots selling in the $600,000 range, we fully anticipate a deluge of interested bidders.”
Current listing agent Chet Harrison of CB Richard Ellis Land Services Group knew the online auction platform was the only way to stand out from the crowd. “This is a versatile piece of land in a great location, but in a saturated market, even diamonds get lost in the rough,” said Harrison. “LFC’s online auction program utilizes universal reach and targeted marketing to ensure maximum exposure. I’m looking forward to exceptional results.”
Over 2 million visitors come annually to Temecula Valley to visit the historic Old Town, Pechanga Casino and 33 nearby wineries. With a number of high-end resorts already completed and several others in development, Temecula Valley is poised to become one of Southern California’s premier vacation destinations.
Interested buyers are encouraged to visit www.LFC.com/793R2 for available property documentation to conduct due diligence prior to placing their bid. The bid deadline is October 8, 2009.
LFC Group of Companies For more than 30 years, the LFC Group of Companies have served numerous Fortune 500 companies, real estate developers, investors, financial institutions and government agencies by auction marketing thousands of commercial, industrial, land and residential properties with an aggregate value well in excess of $5 billion. www.LFC.com (Commercial) www.FRE.com (Residential). The company also launched BigBidder.com, the only online auction website for buying and selling individual real estate-backed Notes.
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