Sold

Closed

32281 RIVERSIDE Drive

Lake Elsinore CA, 92530

$1,800,000


$8.35 per sqft

Sold

Closed

4.95 Acres

Land

Listed by Suk Ngan Lee with The Collective Realty 310-569-1335

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!

22145281

MLS ID

April 11, 2022

Listed

July 8, 2024

Updated

Map

32281 RIVERSIDE Drive
Lake Elsinore CA, 92530

Exterior/Building Features

Lot Size

4.95 Acres

Other Property Details

Area Name

245 - Lake Elsinore North


Days on Market

287


Garage

No


Parking Total

0


View

Yes


View Description

Lake, Mountain(s)


County

Riverside


Pool

No


Zoning

RMU


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

7/3/2024

Sold

$1,800,000

Listing Contact: 310-569-1335 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 7/8/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 7/8/2024 at 8:52 AM UTC

 

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