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$1,569,000
Est. payment /mo
UPDATED:
08/12/2024 05:26 AM
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 230006024
HOA Y/N No
Property Description
HUGE PRICE IMPROVEMENT!! Prime investment opportunity on the Lake. Seller has plans for retail at the front of Grand Ave. Perhaps a coffee/smoothie convenience store. A motel in the middle and a restaurant near the lake with a boat launch and beachfront to take advantage of the area. The City owned boat landing on the North side of the lake has been a huge success. Leverage that success the City has enjoyed by adding another great location for boaters to get together for dining and beach activities. Seller had partial entitlements for Wakerider project from City of Lake Elsinore. Could possibly be updated.
Please see Documents. Previous owner had plans to build 31 townhomes with some Live/Work units.
Please see Documents. Previous owner had plans to build 31 townhomes with some Live/Work units.
Location
State CA
County Riverside
Community Out Of Area
Area Riv Cty-Lake Elsinore (92530)
Exterior
Fence Partial
Building
Lot Size Range 4+ to 10 AC
Water Available
Others
Acceptable Financing Cash, Conventional, Seller May Carry
Listing Terms Cash, Conventional, Seller May Carry
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Listed by Jeff Erwin • Erwin Realty
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908