Your email has been sent.
29489 3rd St 1.05 Acres of Commercial Land Offered at $1,500,000 in Lake Elsinore, CA 92532
Investment Highlights
- CMU zoning allows for diverse residential and commercial development options.
- Immediate access to Interstate 15 via Main Street and Central Avenue exits.
- Flexible zoning supports live-work units, medical offices, and retail uses.
- Located near Walmart, Costco, Home Depot, and other national retailers.
- Surrounded by established dining, fitness, and service amenities.
- High-visibility location in a growing Lake Elsinore commercial corridor.
Executive Summary
Property Facts
| Price | $1,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 1.05 AC |
| Property Type | Land | Year Built | 1984 |
| Zoning | CMU - Commercial Mixed Use, City of Lake Elsinore | ||
| Price | $1,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.05 AC |
| Year Built | 1984 |
| Zoning | CMU - Commercial Mixed Use, City of Lake Elsinore |
1 Lot Available
Lot
| Price | $1,500,000 | Lot Size | 1.05 AC |
| Price Per AC | $1,432,465.00 |
| Price | $1,500,000 |
| Price Per AC | $1,432,465.00 |
| Lot Size | 1.05 AC |
1.06-acre CMU-zoned parcel in Lake Elsinore with broad mixed-use potential. Surrounded by major retailers and near I-15, ideal for residential, commercial, or live-work development.
Description
Situated on 1.06 acres, this Lake Elsinore property is zoned CMU (Commercial Mixed Use), offering flexibility for residential, commercial, and mixed-use development. The parcel currently includes a manufactured home being sold as-is, with value primarily in the land. CMU zoning permits apartments, townhomes, retail, medical offices, and professional services, while additional uses such as animal hospitals, bars, and day care centers may be approved through a Conditional Use Permit. The property is surrounded by major retailers, including Walmart, Costco, and Home Depot, and is within close proximity to LA Fitness and popular dining options. Easy access to Interstate 15 ensures strong connectivity to the Inland Empire and beyond, making this site a prime candidate for redevelopment.
Property Taxes
| Parcel Number | 377-090-033 | Improvements Assessment | $291,829 |
| Land Assessment | $291,833 | Total Assessment | $583,662 |
Property Taxes
Presented by
29489 3rd St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.