0 Of Baxter Rd Lake Elsinore, CA 92530
This exceptional 4.73-acre commercial land parcel in Lake Elsinore, CA (APN 367-180-045), presents a unique investment opportunity. Located on Monte Vista Drive, north of Baxter Road, this property boasts prime visibility and accessibility with direct I-15 frontage, experiencing high daily traffic volume of 125,000 vehicles. The existing C-P-S zoning allows for a variety of commercial and retail uses, aligning perfectly with the Wildomar General Plan's designation for Commercial/Retail development in this area. The property's strategic location is further enhanced by its proximity to a newly constructed 84,000 square foot Kaiser Permanente medical office building. An adjacent 1.47-acre parcel is also available for purchase, offering an additional 500 feet of valuable I-15 frontage and significantly expanding development potential. The asking price for this main parcel is $1,855,000. This location offers easy freeway access via Wildomar Trail (Baxter Road), making it an ideal site for businesses seeking high visibility and convenient access for customers. The zip code is 92530. This property is situated in Riverside County, California.
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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