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Grand Avenue Ave
2 Acres of Commercial Land Offered at £293,419 in Lake Elsinore, CA 92530
Investment Highlights
- Flat in topography
- 264 feet of frontage to Grand Ave with traffic counts of approximately 14,767 cars per day
- Existing electric meter on site
Executive Summary
The two acre parcel is located directly across from Turner St with a tire shop on the corner. To the north and east of the property is vacant land while there is a small single-family home to the south.
The subject property is located 5 miles from I-15 via Bundy Canyon Rd or Wildomar Trail and is located just 31 miles from I-5 via Ortega Hwy.
Property Facts
| Price | £293,419 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 2.00 AC |
| Property Type | Land |
| Price | £293,419 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 2.00 AC |
1 Lot Available
Lot
| Price | £293,419 | Lot Size | 2.00 AC |
| Price Per AC | £146,709 |
| Price | £293,419 |
| Price Per AC | £146,709 |
| Lot Size | 2.00 AC |
The property is flat in topography and there is already an existing electric meter on site.
Description
The subject property is located just south of Lake Elsinore in the County of Riverside and consists of a total of 2.0 acres. The property is flat in topography with minor vegetation growth. There is already an existing electric meter on site as the property was previously used for mobile home installation services. The property has 264 feet of frontage to Grand Ave with traffic counts of approximately 14,767 cars per day. The two acre parcel is located directly across from Turner St with a tire shop on the corner. To the north and east of the property is vacant land while there is a small single-family home to the south. The subject property is located 5 miles from I-15 via Bundy Canyon Rd or Wildomar Trail and is located just 31 miles from I-5 via Ortega Hwy. The front half of the subject property is zoned General Commercial (C-1 and C-P) while the back half of the property is zoned W-1 for Watercourse, Watershed, and Conservation. The General Commercial zoning allows for a wide range of allowable uses which includes RV and Boat Storage subject to plot plan approval. The back half of the property may be usable but will likely not be suitable for a permanent structure given the W-1 zoning. The subject property also falls under a split General Plan with a land use designation of Conservation and Medium Density Residential.
PROPERTY TAXES
| Parcel Number | 371-130-018 | Improvements Assessment | £0 |
| Land Assessment | £261,850 | Total Assessment | £261,850 |
PROPERTY TAXES
zoning
| Zoning Code | C-1/C-P/W-1 (General Commercial/Watercouse, Watershed, and Conservation) |
| C-1/C-P/W-1 (General Commercial/Watercouse, Watershed, and Conservation) |
Presented by
Grand Avenue Ave
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