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27200 Lake Street 30.88 Acres of Commercial Land Offered at $5,000,000 in Lake Elsinore, CA 92530
INVESTMENT HIGHLIGHTS
- Located at the Lake Street / I-15 interchange
- 6.6 acres of developable pad area with no blasting, balanced earthwork, and max 5% grade
- Thousands of residential units and millions of square feet of commercial/industrial planned on Lake Street
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $5,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 30.88 AC |
| Property Type | Land | ||
| Zoning | C-SP - Commercial - Specific Plan | ||
| Price | $5,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 30.88 AC |
| Zoning | C-SP - Commercial - Specific Plan |
1 LOT AVAILABLE
Lot
| Price | $5,000,000 | Lot Size | 30.88 AC |
| Price Per AC | $161,917.10 |
| Price | $5,000,000 |
| Price Per AC | $161,917.10 |
| Lot Size | 30.88 AC |
30.88 Gross AC, 6.6 Net AC
DESCRIPTION
The CBC Land Team is pleased to present the opportunity to purchase +/- 30.88 gross acres of land located at the Lake Street & I-15 interchange in the City of Lake Elsinore. The site is a part of the larger Alberhill Specific Plan which encompasses thousands of residential units and millions of square feet of commercial & industrial space, primarily along Lake Street. The entirety of the site initially consisted of 270 acres, of which roughly 240 acres has already been sold to the RCA, leaving approximately 30 gross acres for development. Of the +/- 30 acres, we’ve estimated approximately 6.6 acres is usable based on the conceptual pad exhibit on the following page in which avoids blasting and balances from a grading standpoint. The grade also maxes out at 5% to accommodate trucks based on the various proposed uses. The +/- 6.6 net acres is split up between a larger 4.7-acre pad and smaller 1.9-acre pad. Ownership is open to selling all together or separate. Please reach out to our team with any questions or interest in this opportunity.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $611,198 | Total Assessment | $611,198 |
PROPERTY TAXES
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27200 Lake Street
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