Elsinore CA 92530 Lake St Lake Elsinore, CA 92530
For Sale
1 / 3
Superb location on the highly traveled, southernmost artery from Temecula Valley to South Orange County. APN # 's 381-320-026 & 381-320-020 total of 12.54 acres on the signalized Corner of Ortega & Grand in Lake Elsinore, California. The land is fee simple and is nearing final tentative tract map approval for 6 lots: 1. Gas Station/ConvenienceStore/Office (6,480 sq. ft.) Space on 2nd story (approx.1,4300 sq. ft.)/QSR (approx. 1,912 sq. ft.) CUP Approved 2. Restaurant Pad with drive through 2,400 sq. ft., Approved TTM 3. Restaurant Pad with drive through 2,400 sq. ft., Approved TTM 4. Pad for 60 Condos (5 buildings - 93,365 total sq. ft. 18,673 sq. ft. - each building), Approved TTM 5. Pad for 23,000 +/- sq. ft. Retail with 14 condos - 2nd story (approx. 20,000 sq. ft.), Approved TTM 6. Car Wash Pad . Approved CUP Each of the Lots are for sale individually and together for a bulk sale. The price breakdown of each lot individually is as follows: Property pricing: Lot 1: Gas Station/Convenience Store/Office Space/QSR Pad: $6,200,000 Lot 2: Restaurant Pad with drive through: $1,4900,000 Lot 3: Restaurant Pad with drive through $1,490,000 Lot 4: Condos Pad: $12,500,000 Lot 5: Retail/Apartments Pad: $7,500,000 Lot 6: Car Wash Pad: $4,800,000 Total: $33,980,000
Cap rate
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AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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