Current Use by Public Records
- Land
Property Details for 0 Nwc Chaney St. & Minthorn St
- Lot size
- 8.78 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 8.78-acre industrial land parcel in Lake Elsinore, California, presents a fully entitled development opportunity. Located at the Northwest corner of Chaney Street and Minthorn Street (APN: 377-140-028, 029, 030, 035 & 044), this property is zoned M-2 and offers a turnkey solution for immediate construction. The approved site plan allows for the development of a six-building project totaling 149,500 square feet, with individual building sizes ranging from 12,000 to 52,500 square feet. This represents the final phase (Phase III) of the prestigious Fairway Business Park, known for its high-quality construction, upgraded architectural features, landscaping, and ample parking. The previous phases, completed in 2018 and 2019/2020, experienced strong sales upon completion, demonstrating significant market demand. This prime location benefits from convenient freeway access, abundant retail amenities, and a substantial population base of over 95,000 within a five-mile radius. The property is priced at $6,750,000, or $768,793 per acre. A comprehensive due diligence package, including a detailed development proforma, construction budget, and market data reports, is available for qualified buyers. This is a rare opportunity to capitalize on the strong demand and low vacancy rates in the surrounding area, with no competing projects currently for sale in Lake Elsinore. The city's business-friendly environment further enhances the appeal of this exceptional investment. Construction can commence immediately.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Elsinore
- County
- Riverside
- State
- California
- Longitude
- -117.334
- Latitude
- 33.6842
