Venti Old Town Plaza In Temecula Hits Market: $9.75 Million

TEMECULA, CA — A 28,647-square-foot strip mall located on 2.43 acres at the northern entrance to Old Town Temecula is on the market with an asking price of $9,750,000 — and it's a family affair.

Venti Old Town Plaza at 28250-28326 Old Town Front Street features several long-time tenants — 12 total — including Penfold's Café & Bakery.

"These stable, long-term tenants allow a new owner to utilize the current cash flow," according to listing agents PJ Vallier, Daniel Venti and Anthony Venti.

The single-story center, built in 1990, sits at the corner of Moreno Road and Old Town Front Street, near Rancho California Road. According to the agents, the property is zoned multi-use and could be developed to go up to three stories high, or 40 feet.

"This property is an absolute game-changer for your investment portfolio," according to the agents. "With a prime location and endless potential, it's a dream come true for entrepreneurs and investors alike."

The agents should know. The property is owned by their family.

"My father and uncle are the owners," Daniel Venti confirmed. "PJ is my cousin."

The listing is not a "desperation sale," Daniel said. If the right buyer doesn't materialize, the family will hold on to the property.

"The tenants are great and it's a great location," Daniel continued. "There is so much happening in that area. It's a very smart investment."

For more information about the listing, click here.