17600 Collier Ave Lake Elsinore, CA 92530

This exceptional 47.23-acre redevelopment opportunity presents a unique chance to acquire The Outlets at Lake Elsinore, a 318,841-square-foot shopping center situated directly on Interstate-15 in Lake Elsinore, California. The property boasts a prime location with over half a mile of frontage along the freeway, connecting San Diego to Las Vegas. Currently 57% occupied, the eight-building complex offers significant potential for repositioning and redevelopment. The site's Community Commercial (CC) zoning allows for a diverse range of uses, including the incorporation of residential components. With a strong labor pool and affluent consumer base within a 15-mile radius (over 647,322 people, 203,579 households, average household income $124,446), this location offers unparalleled visibility and accessibility. The property benefits from excellent infrastructure, including access to major freeways (I-15, I-10, I-215, SR 91, SR 71, SR 60), airports (Ontario & San Bernardino International), railroads, freight forwarders, and the ports of Long Beach and Los Angeles. The proximity to the large Lake Elsinore and its surrounding residential and retail amenities further enhances its appeal. This presents an ideal opportunity for an owner-user seeking immediate scale or a developer envisioning a mixed-use project, capitalizing on the explosive growth of Lake Elsinore and the scarcity of comparable freeway-fronting sites. The existing buildings could also be repurposed for educational or religious uses. The remaining lease term on the current tenants is 1.1 years.