74 Hwy Hemet, CA 92532
This exceptional 4.42-acre commercial land parcel presents a prime investment or development opportunity in Lake Elsinore, California. Located on a signalized corner of Highway 74 and Riverside Street (address: 0 Hwy 74, Lake Elsinore, CA 92532), this property boasts a highly desirable C-2 zoning designation. The expansive lot size allows for a wide range of development possibilities, including but not limited to convenience stores, quick-service restaurants (QSRs), shopping centers, gas stations, car washes, self-storage facilities, and contractor storage yards. The C-2 zoning also permits uses such as auto dealerships, day care centers, drug stores, health care facilities, hotels, motels, office buildings, office parks, restaurants, retail spaces, schools, and supermarkets. This strategic location on a busy highway offers exceptional visibility and accessibility, making it an ideal site for a variety of commercial ventures. The property's APN is 347-110-074 & 347-110-071. The asking price is $2,700,000. This is a rare opportunity to acquire a significant commercial land holding in a rapidly growing area. Don't miss out on this chance to capitalize on the potential of this high-traffic location.
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
Similar Nearby for Lease
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.