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15749 Grand Avenue, Lake Elsinore, CA

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15749 Grand Avenue

SWC of Grand Ave. & Ortega Hwy.
Lake Elsinore, CA 92530 - South Riverside Submarket

Property Type:Land Parcel Size:12.55 Acres
For Sale Price:$2,888,000 Price/Acre:$230,120 Price/SF:$5.28

Proposed Use:Commercial, Retail, Office, MultiFamily

On-Site Improv:Rough graded

Sale Notes:
Property Description:
This offering is a land bank opportunity consisting of two (2) contiguous parcels with a combine lot square footage of (546,678+/- sq.ft.); 12.55+/- acres of flat, developable land with 1,428 Feet of Street Frontage on Grand/Ortega Hwy 74.

Ortega Highway 74 - 12.55+/- Acres (“Subject Property”) is located at the westerly corner of Grand Avenue and Ortega Highway (SR74) and within the Lake Elsinore Planning Districts know as “the Lake Edge District”, this site is also centrally located to Orange County & the Inland Empire.

The Subject Property is zoned with Commercial Mixed Use (CMU) with density of (7 - 18 du/ac); 0.80: 1 FAR; Commercial >50% net lot area of commercial mix uses. Commercial development that includes commuter oriented retail would be ideal to services the local residents.

· Zoned: Commercial Mixed Use (CMU)
· Density (7 - 18 du/ac); 0.80: 1 FAR; Commercial >50% net lot area.
· Located in the Path of Growth & New Development
· 1,428 Feet of Street Frontage on Grand/Ortega Hwy 74
· Centrally located to Orange County & the Inland Empire
· 10 Year Land Bank Hold

Chavez & Associates REBF, Inc.
Eric S Chavez
(626) 392-4667

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