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Ortega Hwy & Grand Ave
Lake Elsinore, CA 92530
Land For Sale
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12.54 AC
Investment Highlights
- Signalized hard-corner location at SR-74 (Ortega Hwy) and Grand Avenue, capturing 50,000+ vehicles per day.
- Fully entitled 12.54-acre fee-simple master site nearing final Tentative Tract Map approval — shovel-ready with minimal entitlement risk.
- 90,000+ residents within a 5-mile radius with median household income above $70,000, anchoring strong local demand.
- Last commercial node before 13 miles of undeveloped corridor through the Cleveland National Forest, creating a captive customer base.
- Integrated mixed-use plan combines fuel, QSR, retail, car wash, and residential uses for built-in cross-traffic synergy.
- Six lots available individually or as a complete portfolio at $33,980,000 — flexible for end-users, developers, or investors.
Executive Summary
Property Facts
6 Lots Available
Lot 1
| Price | $8,619,674 CAD | Lot Size | 1.35 AC |
| Price Per AC | $6,384,943.68 CAD |
| Price | $8,619,674 CAD |
| Price Per AC | $6,384,943.68 CAD |
| Lot Size | 1.35 AC |
Premier 1.35-acre CUP-approved anchor pad at the signalized corner of Ortega Hwy & Grand Ave, planned for a 6,480 sq. ft. convenience store/QSR, ~1,430 sq. ft. of second-story office, and a ~6,054 sq. ft. canopy.
Lot 2
| Price | $2,071,502 CAD | Lot Size | 0.36 AC |
| Price Per AC | $5,754,173.03 CAD |
| Price | $2,071,502 CAD |
| Price Per AC | $5,754,173.03 CAD |
| Lot Size | 0.36 AC |
Entitled 0.36-acre restaurant pad with CUP-approved drive-through, configured at 2,400 sq. ft. and purpose-planned to capture westbound SR-74 commuter and traveler flow — a clean, shovel-ready acquisition for national QSR formats.
Lot 3
| Price | $2,071,502 CAD | Lot Size | 0.26 AC |
| Price Per AC | $7,967,316.51 CAD |
| Price | $2,071,502 CAD |
| Price Per AC | $7,967,316.51 CAD |
| Lot Size | 0.26 AC |
Entitled 0.26-acre restaurant pad with CUP-approved drive-through at 2,400 sq. ft., mirroring Lot 2 to create a paired dual-QSR cluster targeting SR-74 commuter and recreational traffic flow.
Lot 4
| Price | $17,378,375 CAD | Lot Size | 4.24 AC |
| Price Per AC | $4,098,673.33 CAD |
| Price | $17,378,375 CAD |
| Price Per AC | $4,098,673.33 CAD |
| Lot Size | 4.24 AC |
Entitled 4.24-acre residential pad approved for 60 for-sale or build-to-rent condominium units across five mid-density buildings totaling 93,365 sq. ft., with a community center and pool, in fast-growing Lake Elsinore.
Lot 5
| Price | $10,427,025 CAD | Lot Size | 1.35 AC |
| Price Per AC | $7,723,722.19 CAD |
| Price | $10,427,025 CAD |
| Price Per AC | $7,723,722.19 CAD |
| Lot Size | 1.35 AC |
Entitled 1.35-acre mixed-use pad approved for approximately 23,000 sq. ft. of ground-floor retail and 14 second-story apartment units (~20,000 sq. ft.), delivering dual income streams in a vertical mixed-use format.
Lot 6
| Price | $6,673,296 CAD | Lot Size | 0.71 AC |
| Price Per AC | $9,399,008.42 CAD |
| Price | $6,673,296 CAD |
| Price Per AC | $9,399,008.42 CAD |
| Lot Size | 0.71 AC |
Entitled 0.71-acre CUP-approved car wash pad sized at 4,060 sq. ft. (120' x 33'), positioned for express or full-service operators on a high-traffic signalized SR-74 corner with strong single-tenant NNN potential.
Description
The Ortega Hwy & Grand Ave development is a 12.54-acre entitled mixed-use master site located at the signalized corner of State Route 74 (Ortega Highway) and Grand Avenue in Lake Elsinore, California. The property represents the southernmost direct commercial gateway between Riverside County and Orange County, with westbound travelers facing approximately 13 miles of undeveloped mountain corridor through the Cleveland National Forest before reaching commercial services on the coastal side. Daily traffic at this node exceeds 50,000 vehicles per day, with elevated weekend volumes generated by hikers, mountain bikers, campers, and coastal-bound families. Within a 5-mile radius, the population surpasses 90,000 residents with a median household income above $70,000, providing a strong local demand base that complements corridor traveler traffic. The integrated master plan blends fuel, food, retail, residential, and service uses in a coordinated fee-simple layout nearing final Tentative Tract Map approval.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $3,319,321 CAD | Total Assessment | $3,319,321 CAD |
Property Taxes
