118 N Main St - Storefront FOR SALE


Lake Elsinore, CA 92530
$1,199,999 USD
714-801-1014
118 N Main St, Lake Elsinore, CA for Sale
$1,199,999 USD
Storefront - FOR SALE
1/3
null | Request Cap Rate

118 N Main St
Lake Elsinore, CA 92530


HIGHLIGHTS

  • Heavy daytime foot traffic.
  • Income Producing Residential 4 bedroom 1 bath upstairs.
  • City of Lake Elsinore Downtown Revitalization Initiative

OVERVIEW

Positioned in the core of Lake Elsinore’s revitalized downtown corridor, this well-located mixed-use asset presents a compelling opportunity for investors and owner-users seeking stable income with long-term upside. The property features a street-level retail storefront with strong frontage and visibility along the Main Street corridor—ideal for retail, restaurant/café, professional office, or service-oriented uses. The second level comprises a spacious 4-bedroom, 1-bathroom residential unit, creating a built-in income stream or an ideal live/work configuration. According to the homeowner, the bottom retail space is approx. 2,941 sq ft, and the upstairs is approximately 1,104 sq ft. Flexible investment options: - Owner-user opportunity: Operate your business on the ground floor and reside upstairs. - Dual-income potential: Lease both the commercial and residential units for maximum cash flow. - Value-add upside: Benefit from continued downtown growth and infrastructure investment. The property is located within the City’s active Downtown Revitalization Initiative, which includes the development of the new City Hall at Main and Graham, pedestrian and streetscape improvements, and ongoing infrastructure upgrades designed to enhance walkability and commerce. With increasing demand in one of Southern California’s fastest-growing communities, this asset offers a strategic blend of retail exposure, residential income, and long-term appreciation potential. LISTING ID: DW25237444

FOR SALE DETAILS

PRICE

$1,199,999 USD

PRICE/SF

$300 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Mixed Use Retail and Residential

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

E. Graham Ave.

LAND ACRES

0.08 AC

LAND SF

3,564 SF

ZONING

C1

APN/PARCEL ID

373-024-016

ASK ABOUT THIS PROPERTY

Joey O'NeillRE/MAX SkyMore Info
714-801-1014

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Joey O'NeillRE/MAX SkyMore Info
714-801-1014

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.