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15712 Grand Ave
5.18 Acres of Residential Land Offered at $1,569,000 in Lake Elsinore, CA 92530
Investment Highlights
- Great exposure from traffic traversing Ortega Highway.
- Spectacular location and water views along with water sports.
Property Facts
| Price | $1,569,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 5.18 AC |
| Price | $1,569,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 5.18 AC |
1 Lot Available
Lot
| Price | $1,569,000 | Lot Size | 5.18 AC |
| Price Per AC | $302,714.59 |
| Price | $1,569,000 |
| Price Per AC | $302,714.59 |
| Lot Size | 5.18 AC |
Prime investment opportunity on the Lake situated at the bottom of Ortega Highway providing quick access to the Coast and Orange County.
Description
Prime investment opportunity on the Lake. Two proposed uses. Seller has plans for retail at the front of Grand Ave. Perhaps a coffee/smoothie convenience store. A motel in the middle and a restaurant near the lake with a boat launch and beachfront to take advantage of the area. The City owned boat landing on the North side of the lake has been a huge success. Leverage that success the City has enjoyed by adding another great location for boaters to get together for dining and beach activities. Seller had partial entitlements for Wakerider project from City of Lake Elsinore. Could possibly be updated. Prior approval for a live/work townhome community that provides a spectacular recreation lifestyle right on the shores of Lake Elsinore. Made up of 11,983 sf of three story Live/Work Units (6); 42,604 sf of two & three story town home units (25), and a 1,206 sf Recreation Building with pool area. All of the homes have wonderful views of the lake and the surrounding mountains.
zoning
| Zoning Code | CMU/R (Commercial Mixed Use/Recreational) |
| CMU/R (Commercial Mixed Use/Recreational) |
Presented by
15712 Grand Ave
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