Current Use by Public Records
- Land
Property Details for 31455 Riverside Dr
- Lot size
- 10.00 lot acres
- Property type
- Land
Description
This exceptional 10-acre parcel presents a unique investment opportunity in the rapidly growing city of Lake Elsinore, California. Boasting dual zoning – C-2 (General Commercial) and R-3 (High Density Residential, allowing for 24 units per acre) – this property offers unparalleled flexibility for diverse development projects. The land is strategically located on Riverside Drive (Highway 74), a major thoroughfare with a high daily traffic count of 26,500 vehicles, ensuring excellent visibility and accessibility. Its prime location offers convenient access to major freeways, including I-15, I-215, and CA-60, providing seamless connectivity to both Los Angeles (70 miles west) and San Diego (80 miles south). The property's proximity to established retail giants such as Target, Costco, Walmart, and numerous other amenities within a 2.5-mile radius further enhances its desirability. Furthermore, its location less than half a mile from Machado Elementary School adds to its appeal. The Inland Empire's robust economic growth, driven by affordability and job creation, makes Lake Elsinore, one of California's fastest-growing cities, a highly attractive market. The APN is 379-160-004. The asking price for this remarkable property is $5,350,000.
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
- -117.37
- Latitude
- 33.6807
