28769 Lake St Lake Elsinore, CA 92530

This exceptional 4.5-acre commercial land parcel, located at 28769 Lake St, Lake Elsinore, CA 92530 (APN 389-030--28), presents a compelling investment opportunity. Zoned C2, this property offers 155,520 square feet of development potential. Situated on a hard corner at the northeast intersection of Lake Street and Running Deer Road, it benefits from high visibility and convenient access to Interstate 15. The property is part of a larger 10-acre commercially zoned area, experiencing significant growth with a planned 32,000 square foot retail center (including a fuel station and in-line retail spaces) under development on an adjacent 6-acre parcel. This prime location is surrounded by a high-density residential area, creating a strong demand for commercial services. The asking price is $3,700,000, translating to $2.30 per square foot. Ownership is held in trust. This presents a rare chance to acquire a substantial commercial site in a thriving area with considerable future growth potential. The property's strategic location and surrounding development make it ideal for a variety of commercial ventures. Don't miss this chance to secure a prominent position in a rapidly expanding market.