31502 Riverside Dr - Restaurant FOR SALE


Lake Elsinore, CA 92530
$1,759,000 USD
562-419-4942
31502 Riverside Dr, Lake Elsinore, CA for Sale
$1,759,000 USD
Restaurant - FOR SALE
1/32
null | Request Cap Rate

31502 Riverside Dr
Lake Elsinore, CA 92530


HIGHLIGHTS

  • 2,776 SF building with an additional 800 SF covered patio
  • Built in 1982 Renovated in 2022
  • Located on Ortega Hwy just as you come into Lake Elsinor.
  • Cap Rate is based on Market rent of $12,000 a month NNN
  • Ringside Bar and Grill to be sold concurrently at $379,000
  • Buisness generates over $1,000,000 in GSI, Includes a Type 48 liquor license

OVERVIEW

Acquire a rare opportunity to own both the real estate and the established Ringside Bar & Grill in the growing community of Lake Elsinore, California. The real estate must be purchased in conjunction with the business, which is offered separately at $379,000. The business generates gross annual sales exceeding $1,000,000, making this an outstanding opportunity for an owner-user seeking an established, turnkey operation. The property features a 2,776-square-foot freestanding building that underwent extensive renovations in 2022, creating a modern, attractive, and welcoming environment for patrons. Originally constructed in 1982, the property has been thoughtfully updated and is well-positioned for continued success. Note rear parking lot is not included in the sale. Ideally located in the vibrant Lake Elsinore market and zoned CP (Commercial Professional), the property offers excellent visibility, accessibility, and long-term growth potential. Whether you are an experienced restaurateur looking to expand or an entrepreneur seeking to own your own business and real estate, this offering provides a unique opportunity to acquire a thriving business and a strategically located commercial property in one transaction.

FOR SALE DETAILS

PRICE

$1,759,000 USD

PRICE/SF

$628 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,374 SF

ZONING

CP

APN/PARCEL ID

379-191-029

ASK ABOUT THIS PROPERTY

Edwin HuberCentury 21 MastersMore Info
562-419-4942

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Edwin HuberCentury 21 MastersMore Info
562-419-4942

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