18350 Pasadena St Lake Elsinore, CA 92530
This exceptional 2.77-acre property in Lake Elsinore, CA (92530), offers a fully entitled and permit-ready opportunity for development. The site is zoned for M1 Limited Manufacturing and Business District – Limited Industrial uses, and entitlements also allow for cannabis retail/industrial space. The existing 53,000 square foot, single-story building, constructed in 2024, features two units, four loading docks, and a 28-foot ceiling height. Located at 18350 Pasadena St, this prime location provides convenient access to local amenities, including shopping, schools, parks, and recreational facilities. This property presents a significant investment opportunity in a rapidly growing area, promising substantial returns. The asking price is $2,400,000. The property's central location and flexible zoning make it ideal for a variety of commercial and industrial uses. This is a rare chance to acquire a fully entitled, ready-to-build industrial property in a thriving California market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.