Bar and Grill with Covered
For Sale
$425,000
31502 Riverside, Lake Elsinore, CA 92530
Renovated dining and bar space includes a covered outdoor patio and an established operating business.
Property Size1,776 SF
Price / SF$239.30
Days on Market120
Property Features for 31502 Riverside
General Information
Standard status
Active
Size
1,776 SF
Property subtype
Business Opportunity
Zoning
CP
Site & Location
Highway Access
Yes
Road Access
Yes
Restaurant
Seating Capacity
99
Patio
Yes
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
1,776 SF
Year Built
1982
Year Renovated
2022
Buildings
1
Listing Agency:
Century 21 Masters
Listed By:
Edwin Huber · License #01314032
(562) 419-4942
Source:
Landcorerealty
Added: Jun 28
Changed: Oct 24
Last Checked: Oct 24 at 3:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Masters
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Ringside Bar & Grill occupies a freestanding property in Lake Elsinore, with a covered patio of 800 square feet. Built in 1982 and renovated in 2022, the venue has seating for 99 and is zoned CP (Commercial Professional). The business and real estate are offered together, with bar and kitchen equipment included.
The property is on Ortega Hwy near the entrance to Lake Elsinore. Bar features include 10 beer taps, three wells, a Type 48 liquor license, a DJ setup, sound system, TouchTunes jukebox and multiple Samsung Smart TVs. Kitchen equipment includes a flat-top grill, two fryers and a pizza oven.
The property is on Ortega Hwy near the entrance to Lake Elsinore. Bar features include 10 beer taps, three wells, a Type 48 liquor license, a DJ setup, sound system, TouchTunes jukebox and multiple Samsung Smart TVs. Kitchen equipment includes a flat-top grill, two fryers and a pizza oven.
Key Highlights
- 800 SF covered patio
- Seating for 99
- Built in 1982; renovated in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,394
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,880
$447.9K
Cap Rate 7%
$319,914
$319.9K
Cap Rate 9%
$248,822
$248.8K
Market Conditions
NOI Build-Up for 1,776 SF
Gross rent
$32.0K $18.00/SF
− Vacancy
−$2.1K −$1.19/SF
EGI
$29.9K $16.81/SF
− OpEx
−$7.5K −$4.20/SF
NOI
$22.4K $12.61/SF
Area
Riverside County, CA
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,880
Cap Rate 7%
$319,914
Cap Rate 9%
$248,822
Alternative Uses
Best Use
Specialty Retail
$319.9K
$279.9K – $373.2K
NOI $22,394 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$532.1K
$465.6K – $620.7K
NOI $37,244 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
71k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 48%
Shops & Services 29%
Dining 23%
Albertsons
Groceries
34,086 visits/mo
0.5 miles
Starbucks
Dining
14,849 visits/mo
0.4 miles
ARCO
Shops & Services
7,607 visits/mo
0.4 miles
Chevron
Shops & Services
5,614 visits/mo
0.4 miles
AutoZone
Shops & Services
4,430 visits/mo
0.5 miles
Demographics for 92530, CA
59,098
Population
18,502
Households
3.2
Avg Household Size
34
Median Age
17%
College-Educated
80%
High-School Grad
77.1 sq mi
ZIP Area
767
Density / Sq Mi
$84,799
Median Household Income
$41,138
Median Earnings
$1,705
Median Rent
$467,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Rise Up Nutrition — 31737 Riverside Dr unit d, Lake Elsinore, CA 92530
- 74 Family restaurant and Cantina — 31701 Riverside Dr d, Lake Elsinore, CA 92530
- Ringside Bar & Grill — 31502 Riverside Dr, Lake Elsinore, CA 92530
- La Nueva Michoacana Restaurant — 17053 Lakeshore Dr, Lake Elsinore, CA 92530
- Venadeichon fut-pool, bar & karaoke — 17246 lakeshore dr, lake elsinore, ca 92530
Frequently Asked Questions
What type of property is this?
Bar & Pub - Renovated dining and bar space includes a covered outdoor patio and an established operating business.
Where is this bar & pub located?
The property is located at 31502 Riverside Lake Elsinore, CA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 800 SF covered patio; Seating for 99; Built in 1982; renovated in 2022
