For Sale
$3,700,000

28769 Lake StLake Elsinore, CA 92530

4.5-acre C2 zoned commercial lot

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • $3,700,000 asking price.
  • 4.5-acre commercial land parcel.
  • C2 zoning.
  • $2.30/SF land value.
  • Located at the hard corner of Lake St. and Running Deer Rd. in Lake Elsinore, CA.

Property Details for 28769 Lake St

Property type
Land
Lot Size (sq. ft)
196,020 SF

Location Insight

City
Lake Elsinore
County
Riverside
State
California
Latitude
33.7016378
Longitude
-117.3907675
28769 Lake St, Lake Elsinore, California

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28769 Lake St
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