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$ 2,800,000
Est. payment | /mo
0.91 Acres Lot
$ 2,800,000
Est. payment | /mo
0.91 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26029361
Lot Size 0.910 Acres
Property Sub-Type Lots/Land
Property Description
**Prime Residential & Commercial Development Opportunity Lake Elsinore** Exceptional opportunity to acquire a **multi-parcel property totaling approximately 4.5+ acres** in the heart of Lake Elsinores expanding residential and commercial corridor. Strategically located on the **northeast corner of Lake Street and Running Deer Road**, the property sits within **2.5 miles of Interstate 15** and is surrounded by high-density residential growth and active commercial development. The property consists of **two residential/land parcels**: * A **3.6-acre lot** with an existing manufactured home that may be remodeled for comfortable living or removed to align with future development plans. * A **0.91-acre lot** featuring multiple existing structures, offering additional flexibility for redevelopment or income-producing improvements. These parcels are part of a larger commercially zoned footprint totaling approximately 4.5 acres, zoned **C2 General Commercial**, allowing for a wide range of uses permitted under C0, C1, and C2, zoning classifications. This zoning provides exceptional flexibility for retail, service, mixed-use, or complementary residential-supporting development. The site is part of a broader **10-acre commercially zoned area** and is located adjacent to a planned commercial project currently in final entitlement on approximately 6 acres to the south at Mountain Street and Lake Street. The approved development includes an approximately 32,000-square-foot retail center with a fuel station, in-line retail buildings, a quick-serve restaurant, and a drive-thru restaurant
Location
State CA
County Riverside
Direction North East corner at Lake Street and Running Deer Road
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 389030029
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Genesis White, DRE#01976959 Real Estate Source, Inc
Nearby Locations
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