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!
Listing courtesy of Cindy Lee at The Collective Realty
Property Details
Price:
$1,799,999
MLS #:
2942003680
Status:
Active
Baths:
0
Address:
32281 Riverside Dr
Type:
Land
City:
Lake Elsinore
Listed Date:
Dec 2, 2023
State:
CA
ZIP:
92530
Lot Size:
215,622 sqft / 4.95 acres (approx)
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- Address32281 Riverside Dr Lake Elsinore CA
- CityLake Elsinore
- Zip Code92530
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32281 Riverside Dr
Lake Elsinore, CA
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