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Ortega Hwy & Grand Ave 0.26 - 4.24 Acre Commercial Land Lots Offered at $1,490,000 - $12,500,000 Per Lot in Lake Elsinore, CA 92530

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Investment Highlights

Signalized hard-corner location at SR-74 (Ortega Hwy) and Grand Avenue, capturing 50,000+ vehicles per day.
Fully entitled 12.54-acre fee-simple master site nearing final Tentative Tract Map approval — shovel-ready with minimal entitlement risk.
90,000+ residents within a 5-mile radius with median household income above $70,000, anchoring strong local demand.

Last commercial node before 13 miles of undeveloped corridor through the Cleveland National Forest, creating a captive customer base.
Integrated mixed-use plan combines fuel, QSR, retail, car wash, and residential uses for built-in cross-traffic synergy.
Six lots available individually or as a complete portfolio at $33,980,000 — flexible for end-users, developers, or investors.

Executive Summary

The Ortega Hwy & Grand Ave development is a 12.54-acre entitled mixed-use master project in Lake Elsinore, California, offered at a portfolio asking price of $33,980,000 — or individually by pad. The site comprises six fee-simple lots: a CUP-approved gas station/convenience/office/QSR anchor (Lot 1), two CUP-approved 2,400 sq. ft. drive-through restaurant pads (Lots 2 and 3), a 60-unit residential condominium pad (Lot 4), a mixed-use pad with approximately 23,000 sq. ft. of retail and 14 apartments (Lot 5), and a CUP-approved 4,060 sq. ft. car wash pad (Lot 6). Strategically positioned at the signalized intersection of SR-74 and Grand Avenue — the last commercial node before 13 miles of undeveloped corridor through the Cleveland National Forest — the site captures more than 50,000 vehicles per day. A rare, fully entitled, shovel-ready opportunity in Southwest Riverside County's growth corridor.

Lot 1 OM

Property Facts

Price	$1,490,000 - $33,980,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Retail Apartment Units Apartment Units - Condo Carwash Restaurant Service Station
No. Lots	6	Total Lot Size	12.54 AC
Property Type	Land
Zoning	CP - Commercial

Price	$1,490,000 - $33,980,000
Sale Type	Investment
No. Lots	6
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Apartment Units Apartment Units - Condo Carwash Restaurant Service Station
Total Lot Size	12.54 AC
Zoning	CP - Commercial

6 Lots Available

Lot 1

Price	$6,200,000	Lot Size	1.35 AC
Price Per AC	$4,592,592.59

Price	$6,200,000
Price Per AC	$4,592,592.59
Lot Size	1.35 AC

Premier 1.35-acre CUP-approved anchor pad at the signalized corner of Ortega Hwy & Grand Ave, planned for a 6,480 sq. ft. convenience store/QSR, ~1,430 sq. ft. of second-story office, and a ~6,054 sq. ft. canopy.

Lot 2

Price	$1,490,000	Lot Size	0.36 AC
Price Per AC	$4,138,888.89

Price	$1,490,000
Price Per AC	$4,138,888.89
Lot Size	0.36 AC

Entitled 0.36-acre restaurant pad with CUP-approved drive-through, configured at 2,400 sq. ft. and purpose-planned to capture westbound SR-74 commuter and traveler flow — a clean, shovel-ready acquisition for national QSR formats.

Lot 3

Price	$1,490,000	Lot Size	0.26 AC
Price Per AC	$5,730,769.23

Price	$1,490,000
Price Per AC	$5,730,769.23
Lot Size	0.26 AC

Entitled 0.26-acre restaurant pad with CUP-approved drive-through at 2,400 sq. ft., mirroring Lot 2 to create a paired dual-QSR cluster targeting SR-74 commuter and recreational traffic flow.

Lot 4

Price	$12,500,000	Lot Size	4.24 AC
Price Per AC	$2,948,113.21

Price	$12,500,000
Price Per AC	$2,948,113.21
Lot Size	4.24 AC

Entitled 4.24-acre residential pad approved for 60 for-sale or build-to-rent condominium units across five mid-density buildings totaling 93,365 sq. ft., with a community center and pool, in fast-growing Lake Elsinore.

Lot 5

Price	$7,500,000	Lot Size	1.35 AC
Price Per AC	$5,555,555.56

Price	$7,500,000
Price Per AC	$5,555,555.56
Lot Size	1.35 AC

Entitled 1.35-acre mixed-use pad approved for approximately 23,000 sq. ft. of ground-floor retail and 14 second-story apartment units (~20,000 sq. ft.), delivering dual income streams in a vertical mixed-use format.

Lot 6

Price	$4,800,000	Lot Size	0.71 AC
Price Per AC	$6,760,563.38

Price	$4,800,000
Price Per AC	$6,760,563.38
Lot Size	0.71 AC

Entitled 0.71-acre CUP-approved car wash pad sized at 4,060 sq. ft. (120' x 33'), positioned for express or full-service operators on a high-traffic signalized SR-74 corner with strong single-tenant NNN potential.

Description

The Ortega Hwy & Grand Ave development is a 12.54-acre entitled mixed-use master site located at the signalized corner of State Route 74 (Ortega Highway) and Grand Avenue in Lake Elsinore, California. The property represents the southernmost direct commercial gateway between Riverside County and Orange County, with westbound travelers facing approximately 13 miles of undeveloped mountain corridor through the Cleveland National Forest before reaching commercial services on the coastal side. Daily traffic at this node exceeds 50,000 vehicles per day, with elevated weekend volumes generated by hikers, mountain bikers, campers, and coastal-bound families. Within a 5-mile radius, the population surpasses 90,000 residents with a median household income above $70,000, providing a strong local demand base that complements corridor traveler traffic. The integrated master plan blends fuel, food, retail, residential, and service uses in a coordinated fee-simple layout nearing final Tentative Tract Map approval.

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