$1,975,000
$2,500,000
21.0%For more information regarding the value of a property, please contact us for a free consultation.
15.1 Acres Lot
SOLD DATE : 10/17/2024
Key Details
Sold Price $1,975,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IV24041960
Sold Date 10/17/24
HOA Y/N No
Lot Size 15.100 Acres
Property Description
Nestled on approximately 15.42 acres along Mission Trail Avenue in Lake Elsinore, CA, this property comprises twelve separate parcels in the East Lake Specific Plan (ELSP). With 340 feet of prime frontage and a mixed-use overlay, the ELSP land use plan (see attached supplement) allows for a broad mix of sports, recreational, commercial, hotel, open space, residential, and accessory industrial uses. Permitted uses in these categories are purposely broad to allow for a range of complementary uses making it ideal for investors and developers. Amidst rapid urban growth and with easy access to downtown amenities, schools, and scenic attractions, it offers diverse opportunities for savvy investors. All interested buyers are advised to perform their own due diligence and investigations.
Location
State CA
County Riverside
Area 699 - Not Defined
Zoning Mixed Use
Interior
Fireplace No
Exterior
Fence None
Community Features Biking, Dog Park, Foothills, Golf, Hiking, Horse Trails, Lake, Mountainous, Near National Forest, Park, Suburban, Water Sports, Fishing, Marina
Utilities Available Cable Available, Electricity Available, Natural Gas Not Available, Water Available
Waterfront Description Lake
View Y/N Yes
View City Lights, Golf Course, Hills, Lake, Landmark, Neighborhood, Pasture, Rocks, Vineyard, Trees/Woods, Water
Present Use Unimproved
Building
Lot Description 36-40 Units/Acre, Agricultural, Lot Over 40000 Sqft, Near Public Transit, Street Level, Value In Land, Flat
Sewer Public Sewer
Water See Remarks
New Construction No
Others
Senior Community No
Tax ID 370040042
Acceptable Financing Cash, Cash to New Loan
Horse Feature Riding Trail
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with ERIC WASHLE • COLDWELL BANKER COMMERCIAL SC