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

NEW


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. 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.