31360 Riverside Dr Lake Elsinore, CA 92532
This exceptional 18.13-acre parcel of land presents a remarkable investment opportunity in the rapidly expanding city of Lake Elsinore, California. Located at 31360 Riverside Drive, this property boasts significant frontage on Riverside Drive at a major intersection, offering unparalleled visibility and accessibility. The land itself is characterized by flat, grassy terrain, providing a readily developable site. The property is zoned for Commercial/Mixed-use development, opening up a wide range of possibilities for future projects. All utilities are conveniently located in the street, simplifying the development process. The Assessor's Parcel Number (APN) is 379180001. Situated in Riverside County, with a zip code of 92532, this location benefits from its proximity to key transportation routes and amenities. The asking price for this exceptional property is $3,400,000. Prospective buyers are responsible for verifying all information with the city of Lake Elsinore. This is a rare opportunity to acquire a substantial land holding in one of California's fastest-growing cities. Don't miss out on this chance to build your vision in a thriving market.
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
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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.