201 Graham Ave Lake Elsinore, CA 92530-3739
- Retail space
- 6,073 SF
- 0.46 lot acres
Current Use by Public Records
- The Crescent / Office Space Rental Agency
- The Chimes / Historical Landmark
Property Details for 201 Graham Ave
- Year built
- 1887
- Construction
- WOOD
- Lot size
- 0.46 lot acres
- Property size
- 6,073 SF
- Zone code
- C1
- Property type
- Retail space
- APN
- 374-172-013
- APU
- 374172013
Description
This stunning, two-story, 6,817 square foot free-standing retail building, located at 201 W. Graham Ave. in historic Old Town Lake Elsinore, California (92530), presents a unique investment opportunity. Built in 1887 and extensively renovated in 2019, this Moorish-style architectural gem boasts a rich history and exceptional character. The property sits on a 0.46-acre lot and includes 30 parking spaces. Originally constructed from redwood and built atop an artesian well, the building retains ten ceramic-lined mineral bathrooms, a testament to its unique past. The upper floor has been thoughtfully remodeled into a full apartment with its own bathroom. The building offers scenic views of Old Town Lake Elsinore and the lake itself. Its versatile design lends itself to a variety of commercial uses, including, but not limited to, a bed and breakfast, wedding venue, spa, or office building. The asking price is $1,199,000. The property's APN is 374-172-013. Seller financing may be available. This is a rare chance to own a piece of Lake Elsinore's history and capitalize on its significant potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $955,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,010,000
- 6.5%
- $865,000
- 7%
- $1,010,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $940,000
- Geo Method
- $950,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $800,000
- Retail
- $765,000
- Mixed-Use
- $915,000
- Hospitality
- $845,000
- Educational
- $810,000
- Residential Income
- $770,000
- Energy
- $890,000
- Income-Based Land
- $880,000
- Food Service
- $910,000
Location Insight
- Map
- Local Demand
- City
- Lake Elsinore
- County
- Riverside
- State
- California
- Longitude
- -117.329
- Latitude
- 33.6688
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
