29440 3Rd St Lake Elsinore, CA 92532

This exceptional 2.12-acre commercial land parcel presents a unique investment opportunity in the thriving city of Lake Elsinore, California. Located at the northeast corner of Dexter Avenue and Third Street, this property boasts a highly desirable location with excellent visibility and accessibility. Currently in the entitlement stage for a hotel development, this site offers significant potential for substantial returns. The property's APN is 377-090-035 & 0356, and it is zoned CMU, allowing for a variety of commercial uses. Its strategic position benefits from proximity to major retailers including Walmart, Costco, and Lowe's, as well as new restaurants, ensuring high traffic flow and strong consumer demand. A newly installed stop sign enhances safety and visibility, while the potential for easy access to the I-15 freeway further increases its appeal. The asking price for this prime commercial land is $4,200,000. This is an exceptional opportunity to acquire a strategically located parcel with significant development potential in a rapidly growing area. Don't miss out on this chance to capitalize on the burgeoning commercial landscape of Lake Elsinore. The property is situated at 29440 3rd St, Lake Elsinore, CA 92532.