This exceptional retail opportunity is located within the ±14,179 square foot Lakeland Village Plaza, situated at 17139 Grand Ave, Lake Elsinore, CA 92530, in Riverside County. The available space totals approximately 3,360 square feet and is an endcap unit, offering high visibility and accessibility. Previously occupied by a mini-mart, this space presents an ideal layout for a variety of retail uses, including a market or restaurant. The property benefits from its location in an underserved area, presenting a unique chance to tap into a growing market. The Lakeland Village Plaza is a thriving retail strip center, providing a strong anchor for your business and ample opportunity for synergy with existing tenants. This is a turnkey opportunity to establish a successful retail presence in a high-growth area. The space is available immediately. The property's address is easily accessible and boasts excellent visibility from Grand Avenue. This is a rare chance to secure a prime retail location in a desirable area of Lake Elsinore. The building is well-maintained and offers ample parking for customers. The ±3,360 square foot space is ready for immediate occupancy, allowing for a quick start to your business operations. Don't miss this chance to secure a prominent retail space in a thriving community.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,634,181
6.5%
$2,431,552
7%
$2,257,869
Comparable approach
Method
Valuation
Relative Method
$2,882,262
Geo Method
$5,783,008
Alternative Use
Use
Valuation
Residential
$2,051,105
Hospitality
$1,878,801
Educational
$1,563,140
Medical
$1,616,899
Retail
$2,431,552
Location Insight
City
Lake Elsinore
County
Riverside
State
California
Latitude
33.6445
Longitude
-117.355
CBSA code
40140
CBSA name
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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