23524 Pico Avenue Menifee, CA $ 4,950,000
23524 Pico Avenue
$ 4,950,000
Recently Listed
Share Save

23524 Pico Avenue

Menifee, CA, 92585
$ 4,950,000
Bedrooms4 Baths3.0 Sq 1,609

Monthly Estimate*

$ 30,882

Listed by First Team Real Estate
23524 Pico Avenue, Menifee, CA 92585 - Image 1
23524 Pico Avenue, Menifee, CA 92585 - Image 2
23524 Pico Avenue, Menifee, CA 92585 - Image 3
23524 Pico Avenue, Menifee, CA 92585 - Image 4
23524 Pico Avenue, Menifee, CA 92585 - Image 5
23524 Pico Avenue, Menifee, CA 92585 - Image 6
23524 Pico Avenue, Menifee, CA 92585 - Image 7
23524 Pico Avenue, Menifee, CA 92585 - Image 8
23524 Pico Avenue, Menifee, CA 92585 - Image 9
View a Virtual Tour

Commercial Property for sale in Menifee, CA

for $4,950,000 with 4 bedrooms and 3 full baths. This 1,609 square foot building was built in 1961 on a lot size of 16.03.

Great Single Family Home, Farm, Ranch or Development Opportunity in excellent location! This exciting property offers 18.36 +/- flat and usable acres, a single-story home, 6,000 sq ft warehouse and several outbuildings in Unincorporated Riverside County (Menifee address)! Currently Zoned RA, the fulure land use if developed could be RC-LDR, meaning homes on larger lots could be built here. The property consists of 2 APNs: 309-22-007 and 006. This is the first time the property is offered for sale since 1990. Property features all utilities on site, plus 3 septic systems, Frontier and Spectrum and 2 alarms. The steel warehouse was built in 1991, with 1253 +/- sq ft office space, 5 offices, a bathroom and reception area. There are 10 parking spaces and 1 ADA-compliant parking space, plus a 2-car garage attached to the home (built in 1961). With 1609 +/- sq ft, the home features 4 bedrooms and 2 baths, living room, family room, kitchen and screened porch with newer roof and HVAC system. Plenty of room for your business, animals, toys and projects, or how about some dry farming? Owner may carry with 50% down. If you are looking for a property that can serve many needs, look no further!

See more

Commercial Active

Price

$ 4,950,000

Bedrooms

4

Full Bath

3

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

16.03

Year Built

1961

Town/City

Menifee

County/Region

Riverside

MLS | Web ID

SW25274613

Days on Market

4

Features
General
Living Area 1609
Sewer Septic Type Unknown
Heating Heat Pump
Cooling Evaporative Cooling Whole House Fan
Utilities Cable Available Electricity Connected Natural Gas Connected Phone Connected Sewer Not Available Water Connected
Possession Negotiable
Roof Composition
Appliances Dishwasher Disposal Gas Range Water Heater
Zoning RA
HOA Fee 0
Garage Spaces 2
Patio/Porch Features Screened
Architectural Style Traditional
Pool Features None
Security Features Smoke Detector(s)
Construction Materials Frame Stucco
Exclusions range/stove dishwasher garbage disposal 2 alarms and door closers on warehouse doors
Year Built 1961
View Hills Pasture
Stories Count 1
Levels One
Property Subtype Mixed Use
Community Features Rural
Additional Parcels Description 309220006
County Riverside
New Construction false
Property Type Residential
HOA false
Attached Garage true
Contingency There is a crop of oats planted by a dry farmer which should be harvested in 7/2026 which belongs to that leasing farmer.
Facing Direction West
Garage Y/N true
Other Structures Outbuilding Workshop
Full Baths 3
Special Listing Conditions Standard
Status Active
Directions From 215 fwy east on Hwy 74 north on Menifee Rd left on Ellis right on Pico Ave.
High School Heritage
City Menifee
Entry Location Front
Senior Community Y/N false
High School District Perris Union High
Open Parking Spaces 11
Number Of Units Total 1
MLS Area SRCAR - Southwest Riverside County
Lot Size Units Square Feet
Lot Size Square Feet 698267
Listing Terms Cash Cash to New Loan Conventional Owner May Carry VA Loan
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Current Financing None
Additional Parcels Y/N false
Lease Considered Y/N false
Structure Type Mixed Use
Living Area Units Square Feet
Standard Status Active
Occupancy Type Owner
Year Built Source Assessor
Tax Lot 557
Property Sub Type Additional Mixed Use
See more
Interior
Interior Amenities Separate/Formal Dining Room All Bedrooms Down Walk-In Pantry
Flooring Carpet Tile Vinyl
Fireplace Features Family Room
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds
Fireplace Y/N true
Laundry Features None
Total Bedrooms 4
Entry Level 1
Main Level Bedrooms 4
Main Level Bathrooms 3
Total Baths 3
See more
Exterior
Fencing None
Parking Features Concrete Door-Single Driveway Garage Paved RV Potential
Lot Features Sprinklers In Front Lot Over 40000 Sqft
Water Source Public
Total Parking 13
Lot Size Area 698267
Foundation Details Slab
Spa false
Lot Dimensions 698267
Lot Size Acres 16.03
Private Pool false
Lot Size Source Assessor
See more
* Excluded Features
List By
First Team Real Estate

Broker

glennkean@firstteam.com

Email

Affordability Calculator

$30,882
Per Month
100%
0%
0%
Monthly Principal & Interest
$30,882
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
4718471 Elementary School
4757038 Middle School
Heritage High School High School
Pricing History
DatePricePrice ChangeDescription
12/12/2025$4,950,000 Listed Price

Map


See all

23524 Pico Avenue, Menifee, CA, 92585 is a Commercial Property for sale at $4,950,000 with 1,609 sqft and a lot size of 16.03. 23524 Pico Avenue has 4 bedrooms, 3.0 baths, and was built in 1961. The property's zip code is 92585 which is in Menifee, CA