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16960 Lakeshore Dr 1.9 Acres of Commercial Land Offered at $1,338,056 CAD in Lake Elsinore, CA 92530
Investment Highlights
- Located on the northeast side of Lake Elsinore adjacent to the main intersection with Riverside Drive (Hwy 74).
- Adjacent to Albertson's, Stater Bros., Starbucks, KFC, AutoZone, Arco Gas, Del Taco & Chevron.
- Strong demographic: 5-mile population of +/- 79,988; average age 34-39; with average household income of $106,263.
- High visibility with strong traffic count of Lakeshore Dr. (19,100VOD) / Riverside (26,900 VOD).
- Close proximity within 2 miles to the I-15 Corridor that includes: Costco, Target, Walmart, LA Fitness, Lowes, Home Depot.
- General commercial zoning allowing for drive-thru, sit-down restaurant, automative, as well as RV and Boat storage subject to plot plan approval.
Executive Summary
Lake Elsinore Economic Development actively engaged in facilitating future development.
Possible future development allows for hotel, QSR with drive thru, retail strip center.
Residential housing feasible as long as retail frontage provided along Lakeshore Drive.
Seller is willing to carry back financing for a short period to facilitate future development.
Ground Lease or Build to Suit for well qualified Tenant are options Seller will consider.
Possible future development allows for hotel, QSR with drive thru, retail strip center.
Residential housing feasible as long as retail frontage provided along Lakeshore Drive.
Seller is willing to carry back financing for a short period to facilitate future development.
Ground Lease or Build to Suit for well qualified Tenant are options Seller will consider.
Property Facts
| Price | $1,338,056 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Proposed Use | ||
| No. Lots | 1 | Total Lot Size | 1.90 AC |
| Zoning | C-1 - General commercial zoning. | ||
| Price | $1,338,056 CAD |
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.90 AC |
| Zoning | C-1 - General commercial zoning. |
1 Lot Available
Lot
| Price | $1,338,056 CAD | Lot Size | 1.90 AC |
| Price Per AC | $704,240.02 CAD |
| Price | $1,338,056 CAD |
| Price Per AC | $704,240.02 CAD |
| Lot Size | 1.90 AC |
Street Improvement including storm drain along Lakeshore Drive. City is open to vacating existing side streets to reduce required street improvement. Relatively flat with minimal grading required.
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 378-283-008 | Improvements Assessment | $0 CAD |
| Land Assessment | $513,692 CAD | Total Assessment | $513,692 CAD |
Property Taxes
Parcel Number
378-283-008
Land Assessment
$513,692 CAD
Improvements Assessment
$0 CAD
Total Assessment
$513,692 CAD
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16960 Lakeshore Dr
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