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NEC of 3rd St and Dexter Ave

2.12 Acres of Commercial Land Offered at £3,286,290 in Lake Elsinore, CA 92532

Investment Highlights

  • In close proximity to highway 15 and central avenue

Executive Summary

Approximately 2.12 Ac. of Commercial Property in the entitlement stage for a Hotel. Located on the N.E.C. of Dexter Ave. Newly installed Stop Sign W/Possible I-15 Fwy. From the new build. Neighbor's include Walmart, Costco, Lowes New Restaurant's

Property Facts

Price £3,286,290
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Hospitality
Total Lot Size 2.12 AC

1 Lot Available

Lot 1

Price £3,286,290
Price Per AC £1,550,137
Lot Size 2.12 AC

Approximately 2.12 Ac. of Commercial Property in the entitlement stage for a Hotel.

Description

Vacant Commercial 2.12 Acres located on the North East corner of dexter Ave and 3rd St Was entitled for a 64 unit hotel, can be fast-tracked for re-entitlement of a larger hotel and restaurant site. APN 377-090-035 & 036

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
377-090-036
Land Assessment
£366,064
Improvements Assessment
£0
Total Assessment
£366,064

zoning

Zoning Code CMU (The CMU district is to accommodate a development opportunity that offers a mix of land uses.)
CMU (The CMU district is to accommodate a development opportunity that offers a mix of land uses.)
  • Listing ID: 29520257

  • Date on Market: 14/09/2023

  • Last Updated:

  • Address: NEC of 3rd St and Dexter Ave, Lake Elsinore, CA 92532

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