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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.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 10/15/2024 | Tract | Out Of Area |
|---|---|---|---|
| Community | Southwest Riverside County | County | Riverside |
Price History
| Prior to May 25, '23 | $1,849,000 |
|---|---|
| May 25, '23 - Today | $1,569,000 |
Additional Details
| AREA | Southwest Riverside County |
|---|---|
| HOA DUES | 0 |
| SUBDIVISION | Out Of Area |
| UTILITIES | Natural Gas Available |
Location
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Listed with Erwin Realty
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