32281 Riverside Drive, Lake Elsinore, CA 92530
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Sold Price :
$1,800,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
Property Description
Fantastic development and investor opportunity! 4.95 acres for residential/commercial developers. The property is in the Downtown/Northern Part of Lake Elsinore, north of the lake and the Marina Boat Launch. Prime location and a high traffic count, with 395 feet frontage on heavily traveled HWY 74. Located just down the street from Lake Elsinore high school and on HWY 74/Riverside Drive and across the street from Lake Elsinore State Park Recreation Park, with views of the lake. RMU residential mixed use district, which accommodates primarily medium to high density residential mixed-use developments, with limited commercial, institution, office, and service uses compatible with the street environment and adjacent to residential areas. There is an expired tentative map for a formerly planned RiverLake Villas project, consisting of 51 detached condos ranging from approximately 1300 to 1600 SF, However, favorable zone changes would now allow development in excess of 100 multifamily condominium or apartment units, or a mixed-use project with retail facing the street or commercial space below with units above. Don't miss this opportunity in the exciting and growing community of Lake Elsinore!
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
32281 Riverside Drive |
| City |
Lake Elsinore |
| State |
CA |
| Zip |
92530 |
| County |
Riverside |
| Listing Agent |
Suk Ngan Lee DRE #02084411 |
| Co-Listing Agent |
Timothy Tobish DRE #02057781 |
| Courtesy Of |
The Collective Realty |
| Close Price |
$1,800,000 |
| Status |
Closed |
| Type |
Land |
| Structure Size |
N/A |
| Lot Size |
215,622 |
Listing information courtesy of: Suk Ngan Lee, Timothy Tobish, The Collective Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Jul 3rd, 2024 at 6:47 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
