Property profile

0 Ca-74 Good Hope, CA 92570

OFF-MARKET
Lifestyle centers
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Lifestyle centers

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Ca-74 Good Hope, CA 92570
Good Hope metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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