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18730 Central Ave
Lake Elsinore, CA 92532
Self Storage Parcel · Land For Sale · 4.79 AC

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INVESTMENT HIGHLIGHTS

  • Entitled for 87,000 net rentable square feet
  • Possible Owner Financing
  • In planning to increase the net rentable square footage to 135,000
  • Hard signalized corner
  • High Traffic Counts

EXECUTIVE SUMMARY

Highly Desirable Self Storage Parcel on a hard signalized corner. Terrific High Traffic Location
Central Avenue (CA Highway 74) Just off I-15 In Lake Elsinore with 20,000 CPD on Central and 116,000 CPD I-15 and Highway 74 Previously entitled for 87,000 net rentable square feet. The seller is in planning to increase the square footage to 135,000 net rentable.
Possible owner financing. Full due diligence package available.

PROPERTY FACTS

Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Self Storage
Total Lot Size 4.79 AC
Zoning I-P - Industrial

1 LOT AVAILABLE

Lot

Price $5,782,938 CAD
Price Per AC $1,207,293.90 CAD
Lot Size 4.79 AC

Highly Desirable Parcel on a hard signalized corner.

DESCRIPTION

Hard signalized corner ready to go. Terrific High Traffic Location Central Avenue (CA Highway 74) Just off I-15 In Lake Elsinore with 20,000 CPD on Central and 116,000 CPD I-15 and Highway 74 The City of Lake Elsinore continues to be one of the fastest-growing communities in California. . The city is split, northwest to southeast by State Highway 74, which serves as the city’s main northeast to the southwest thoroughfare. Interstate 15 travels along the northern portion of the city and serves as the major freeway connecting Lake Elsinore to Orange and San Bernardino Counties to the northwest and San Diego County to the South. The City of Lake Elsinore is approximately 60 miles southeast of the Los Angeles downtown area. The City of Lake Elsinore is located in a Southern California region commonly known as the Inland Empire. Covering almost 28,000 square miles, the Inland Empire contains the largest county in the continental United States and the third fastest-growing region in California. The Inland Empire is located in the direct path of growth from the greater Los Angeles and Orange County areas. The rapid expansion of the Inland Empire can be attributed to the limited supply and increasingly high land values in Los Angeles and Orange Counties. The extensive highway systems allows the area’s workers to commute to Los Angeles and Orange County employment centers Industrial Uses Public utility substations and storage buildings. Warehousing and distribution, including mini-warehouses. Communications and microwave installations. Cold storage facilities. Telephone exchanges and switching equipment. Post offices. Fire and police stations. Water and gas company service facilities. Parcel delivery services. Recycling collection facilities. Commercial Uses Banks and financial institutions. Blueprint and duplicating services. Laboratories, film, medical, research, or testing centers. Office equipment sales and service. Offices, professional sales, and service, including business, law, medical, dental, chiropractic, architectural, and engineering. Parking lots and parking structures. Restaurants and other eating establishments. Barber and beauty shops. Daycare centers. Health and exercise centers. Mobile homes, provided they are kept mobile and licensed pursuant to state law. One-family dwellings on the same parcel as the industrial or commercial use provided such dwellings are occupied exclusively by the proprietor or caretaker of the use and their immediate families. Signs, on-site advertising. Automobile service stations, not including the concurrent sale of beer and wine for off-premises consumption. Motels. Churches, temples, or other structures used primarily for religious worship.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
377-372-040
Land Assessment
$4,844,415 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,844,415 CAD
  • Listing ID: 29871069

  • Date on Market: 2023-10-24

  • Last Updated:

  • Address: 18730 Central Ave, Lake Elsinore, CA 92532

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