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32281 RIVERSIDE Drive, Lake Elsinore, CA 92530

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Listing Type
lots/land
Listing Status
active
Explore Lake Elsinore, CA
10
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$1,890,000

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Home Details for 32281 RIVERSIDE Drive

Price
$1,890,000
Type
lots/land
Lot Size
4.9500
County
Riverside
Hoa
$0
MLS Listing#
22145281
On exitrealty.com
86 days

Property Description

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!
EXIT ALLIANCE REALTY
24791 Washington Ave, Murrieta, CA 92562
Licensed in the state of California.
CA BRE# 01924483. Shawn Sorensen broker.
$1,890,000

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EXIT ALLIANCE REALTY
24791 Washington Ave, Murrieta, CA 92562
Licensed in the state of California.
CA BRE# 01924483. Shawn Sorensen broker.