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18350 Pasadena st

2.77 Acres of Industrial Land Offered at $2,400,000 in Lake Elsinore, CA 92530

Investment Highlights

  • Central Location (Central Ave: 61,500 VPD | I-15: 228,000 VPD)
  • Permit Ready
  • Corner Lot
  • Fully Entitled for a 53,000 SF Industrial Building
  • Entitlements Allow for Cannabis, Retail, or Industrial

Executive Summary

LOCATION:
- Immediately Located Off Central Ave (74
Hwy/Ortega Hwy) and 15 Freeway
- Corner Parcel for Maximum Visibility
- Abundant Dining Options and Shopping
Amenities within 2 Miles
ZONING AND PERMITTING:
- FULLY ENTITLED for a 53,000 SF
Industrial Building
- M1 – Limited Manufacturing
- Business District – Limited Industrial
- Entitlements Allow for Cannabis Retail/
Industrial Space
TRAFFIC COUNT:
- Central Ave at 1-15 : 61,500 VPD
- 1-15 at Central Ave : 226,000 VPD

Property Facts

Price $2,400,000
Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Industrial
Proposed Use
Industrial
  • Multifamily
  • Apartment Units
Total Lot Size 2.77 AC

1 Lot Available

Lot

Price $2,400,000
Price Per AC $866,426
Lot Size 2.77 AC

A prime piece of land is now available FOR SALE. This 2.77 Acre parcel offers an unparalleled opportunity for investment / development. The site is FULLY ENTITLED and PERMIT READY for a flexible office/industrial.

Description

Nestled in the heart of Lake Elsinore, a prime piece of land is now available FOR SALE. This 2.77 Acre parcel offers an unparalleled opportunity for investment / development. The site is FULLY ENTITLED and PERMIT READY for a flexible office/industrial building. This central location provides easy access to local amenities such as shopping centers, schools, parks, and recreational facilities, making it ideal for commercial projects. With Lake Elsinore’s growing popularity and continuous development, this parcel of land promises significant potential for future growth and a high return on investment.

zoning

Zoning Code M1 (M1 – Limited Manufacturing)
M1 (M1 – Limited Manufacturing)
  • Listing ID: 32709732

  • Date on Market: 8/6/2024

  • Last Updated:

  • Address: 18350 Pasadena st, Lake Elsinore, CA 92530

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