201 Graham AveLake Elsinore, CA 92530
- Retail properties
- 6,073 SF
Property Details for 201 Graham Ave
- Year built
- 1887
- Construction
- WOOD
- Lot size
- 0.46 AC
- Property size (Sq ft)
- 6,073 SF
- Zone code
- C1
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 374-172-013
- APU
- 374172013
Description
This stunning, two-story, 6,817 square foot free-standing retail building, located at 201 W. Graham Ave. in historic Old Town Lake Elsinore, California (92530), presents a unique investment opportunity. Built in 1887 and extensively renovated in 2019, this Moorish-style architectural gem boasts a rich history and exceptional character. The property sits on a 0.46-acre lot and includes 30 parking spaces. Originally constructed from redwood and built atop an artesian well, the building retains ten ceramic-lined mineral bathrooms, a testament to its unique past. The upper floor has been thoughtfully remodeled into a full apartment with its own bathroom. The building offers scenic views of Old Town Lake Elsinore and the lake itself. Its versatile design lends itself to a variety of commercial uses, including, but not limited to, a bed and breakfast, wedding venue, spa, or office building. The asking price is $1,199,000. The property's APN is 374-172-013. Seller financing may be available. This is a rare chance to own a piece of Lake Elsinore's history and capitalize on its significant potential.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,453,586
- 6.5%
- $2,264,848
- 7%
- $2,103,074
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,684,659
- Geo Method
- $5,386,535
-
Alternative Use
- Use
- Valuation
- Residential
- $1,910,484
- Hospitality
- $1,749,993
- Educational
- $1,455,974
- Medical
- $1,506,047
- Retail
- $2,264,848
Location Insight
- City
- Lake Elsinore
- County
- Riverside
- State
- California
- Latitude
- 33.6688
- Longitude
- -117.329
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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