17139 Grand AveLake Elsinore, CA 92530

Property Details for 17139 Grand Ave

Year built

1987

Construction

WOOD

Lot size

1.34 AC

Property size (Sq ft)

6,520 SF

Zone code

C1

Property type

Retail properties

Property subtype

Strip malls

APN

381-273-029

APU

381273029

Description

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.

• 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

Property Tax & Assessments

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