PREMIUM GOOD SIZED COMMERCIAL SITE, WITH GRAND AVE FRONTAGE AND LAKE VIEW (APPROXIMATELY 24,500 SQFT) 3 CONTIGUOUS LOTS APN#'S 387-091-001,002&003 ALL IN COUNTY OF RIVERSIDE, WITH LIBERAL C-1/C-P ZONING WHICH ALLOWS: RESTAURANTS, HOTELS, RETAIL SALES AND MUCH MORE. PROPERTY RESTS AT A CORNER LOCATION ON HIGHWAY 74 ON THE NORTHWEST SIDE OF LAKE ELSINORE AT RIVERSIDE AND GRAND AVE. ON THE PROPERTY THERE IS A BILLBOARD SIGN ON A YEAR TO YEAR LEASE WHICH PROVIDES INCOME. HIGHWAY 74 TO THE WEST GOES TO SAN JUAN CAPISTRANO & THE 5 FREEWAY IN ORANGE COUNTY AND TO THE EAST GOES TO THE I-15 AND I-215 FREEWAYS. CAR TRAFFIC IN FRONT OF PROPERTY IS PRESENTLY AT APPROXIMATELY 25,000 CARS PER DAY AND GROWING. ADDITIONALLY, THE CITY OF LAKE ELSINORE HAS APPROVED A NEW TRAFFIC LIGHT AT THE CORNER OF RIVERSIDE DRIVE AND GRAND AVE., WHICH WILL GREATLY ENHANCE THE SUBJECT PROPERTY TRAFFIC EXPOSURE. ALL UTILITIES FOR SUBJECT ARE AT THE PROPERTY CORNERS. THESE FLAT READY TO DEVELOP LOTS ALSO BENEFIT BY AN ADJACENT 30 X 200 EASEMENT, MORE FORMERLY KNOWN AS EL CONTENTO ROAD, FOR ITS SIDE ACCESS. ADDING TO THIS GREAT SITE LOCATION IS THAT NUMEROUS LARGE SCALE PROPERTY DEVELOPMENTS ARE READY TO START ACROSS FROM OR ON THE WAY TO SUBJECT, ONLY MAKING THIS SITE EVEN BETTER.
MLS # PW15204499
Courtesy Of EMERICK M. MARZICOLA, REAL ESTATE BROKER
† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
located at 15301 GRAND Avenue, Lake Elsinore, CA
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