Active
0 Highway 74
Lake Elsinore CA, 92532
$2,700,000
$14.02 per sqft
Active
4.42 Acres
Land
Listed by Esther Kaveney with eXp Realty of Greater L.A 888-652-1314
Great development opportunity situated in a prime location with promising prospects for both the present and the future. The continuous expansion of Highway 74, coupled with the ongoing development in adjacent cities, positions this property as a strategic investment. Lake Elsinore, a city experiencing a remarkable 30% population growth over the past decade, boasts the second-highest population increase in California. The city is undergoing significant downtown and lake redevelopment projects, adding allure to the area and attracting an even larger population. Additionally, multiple housing projects are currently underway in the vicinity. Highway 74, an intercity route connecting Perris and Lake Elsinore, is witnessing heightened importance. Moreover, the planned California High-Speed Rail passing through Perris to link Corona and San Diego enhances the region's accessibility and potential for growth. This opportunity involves two contiguous parcels, (APN#: 347-110-071, 347-110-074), approximately 4.42 acres, located at a signalized corner of Highway 74 and Riverside Street in Lake Elsinore. This development potential usable land holds C2 zoning, including C1 and C0 classifications. Recommend buyers to check with the County for details.
DW24004981
MLSⓇ ID
January 9, 2024
Listed
May 9, 2024
Updated
Map
0 Highway 74
Lake Elsinore CA, 92532
Exterior/Building Features
Lot Size
4.42 Acres
Lot Features
Lot Over 40000 Sqft
Sewer
Unknown
Other Property Details
Area Name
SRCAR - Southwest Riverside County
Garage
No
View
Yes
View Description
Mountain(s)
County
Riverside
Water Source
See Remarks
Pool
No
Zoning
Commercial
Buyer Agency Compensation
3%
Listing Contact: 888-652-1314
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 5/9/2024 at 12:17 PM UTC