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28769 Lake St - 4.5 Acre Commercial Development Opportunity 4.5 Acres of Commercial Land Offered at $3,700,000 in Lake Elsinore, CA 92530
Investment Highlights
- 4.5-acre parcel within a larger 10-acre commercially zoned property.
- Adjacent to a planned 32,000-square-foot retail project featuring a fuel station and restaurants.
- Flexible C2 zoning supporting multiple commercial uses under Lake Elsinore's zoning code.
- Strategic location at the northeast corner of Lake Street and Running Deer Road.
- Strong residential growth and increasing consumer base within the Lake Elsinore corridor.
Executive Summary
A major commercial development is in the final stages of entitlement on an adjoining 6-acre parcel at the northwest corner of Mountain Street and Lake Street. This forthcoming project will feature a 32,000-square-foot retail center, including a fuel station, in-line retail shops, a quick-serve restaurant, and a drive-thru restaurant, creating significant traffic and synergy for the area.
The available parcel is zoned C2, permitting a wide range of uses as outlined in the C0, C1, and C2 General Commercial District regulations for Lake Elsinore. This location offers substantial potential for additional complementary retail or service-oriented development in a growing market corridor.
Property Facts
| Price | $3,700,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 4.50 AC |
| Property Type | Land | ||
| Zoning | C2 - General Commercial | ||
| Price | $3,700,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 4.50 AC |
| Zoning | C2 - General Commercial |
1 Lot Available
Lot
| Price | $3,700,000 | Lot Size | 4.50 AC |
| Price Per AC | $822,222.22 |
| Price | $3,700,000 |
| Price Per AC | $822,222.22 |
| Lot Size | 4.50 AC |
Description
The property consists of 4.5 acres situated at the northeast corner of Lake Street and Running Deer Road in Lake Elsinore, CA. It is part of a 10-acre parcel zoned for commercial use. The site is near higher-density residential neighborhoods and is located north of Mountain Street. A planned commercial development encompassing approximately 6 acres is being finalized to the south at the northwest corner of Mountain Street and Lake Street. That project includes retail buildings and restaurant uses. The subject property is governed by C2 zoning within the city of Lake Elsinore, permitting a variety of commercial applications.
Property Taxes
| Parcel Numbers | Improvements Assessment | $78,030 | |
| Land Assessment | $364,140 | Total Assessment | $442,170 |
Property Taxes
Presented by
28769 Lake St - 4.5 Acre Commercial Development Opportunity
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