32996 Macy St
Lake Elsinore, CA 92530

Marcus & Millichap is pleased to offer for sale an ±8.74 acre development site located on Grand Avenue just north of the Ortega Hwy(74) in the city of Lake Elsinore. This site is composed of two parcels of vacant land and boasts ±240' of frontage directly on Lake Elsinore. Roughly half of the site is zoned Residential Mixed Use (RMU) and the other half is zoned Recreation (R). The portion of the site directly on the lake is the part that is zoned Recreation. The RMU district is designed to allow a developer the opportunity to combine both residential and neighborhood retail and service uses, preferably incorporated into a mixed use project. The RMU district accommodates primarily medium to high density residential mixed use developments, with limited commercial, institutional, office and service uses distributed in a manner compatible with the street environment and adjacent to residential areas. For a project with only residential uses, the minimum lot area required for each dwelling unit is 2,420 SF per unit (density up to 18 du/acre). For a mixed use horizontal development, the minimum lot area required for each dwelling unit is 1,815 SF per unit (density up to 24 du/acre). Waterfront development opportunities are exceedingly rare in Southern California and this site will allow a developer to take advantage of the fantastic amenity which is Lake Elsinore.