Listed by Suk Lee, The Collective Realty,

32281 RIVERSIDE Drive

Lake Elsinore, CA, 92530

$1,799,999

$1,799,999
Active Under Contract
Active Under Contract
 - For Sale
property_type
Land
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!
MLS® ID:
22145281
Listed:
4/7/22
Updated:
2/6/23

Exterior/Building Features

Lot Size
4.95 acres lot

Other Property Details

Area Name
245 - Lake Elsinore North
Garage
No
Parking
N
View
Y
County
Riverside
Pool
No
Zoning
RMU
Buyer Agency Compensation
2.500

Property History

Date
Event
Price
Value
1/25/23
Active Under Contract
-
-
10/20/22
Price Change
$1,799,999
-4%

Listed by The Collective Realty, Suk Lee,
Listing Contact:  

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Data last updated 12:47 PM UTC, 2/6/23

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