0 Ca-74 Good Hope, CA 92570
This exceptional 2.03-acre commercial land parcel presents a prime investment or development opportunity in Lake Elsinore, California. Situated on a signalized corner of Highway 74 and Riverside Street, this property boasts a highly desirable C-2 zoning designation. This versatile zoning allows for a wide range of uses, including gas stations, convenience stores, quick-service restaurants (QSRs), car washes, self-storage facilities, and contractor storage yards. The expansive list of permitted uses also encompasses auto dealerships, day care centers, drug stores, healthcare facilities, hotels, motels, office spaces, retail establishments, schools, and supermarkets, among others. The high visibility and traffic count of this Highway 74 location make it ideal for a variety of commercial ventures. The asking price is $1,500,000. An adjacent 2.38-acre parcel (APN 347-110-071) is also available for purchase, offering a combined 4.42 acres for a total price of $2,700,000, presenting a significant expansion opportunity for larger-scale development. The property is located in Riverside County, with a zip code of 92570. This strategic location offers unparalleled access to a thriving community and significant growth potential. Don't miss this chance to acquire a highly sought-after commercial property in a rapidly developing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.