10
See all 10 photos
$2,800,000
Est. payment /mo
0.91 Acres Lot
Price Dropped by $1.0M
28857 Lake Lake Elsinore, CA 92530
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26029361
HOA Y/N No
Lot Size 0.910 Acres
Property Description
**Prime Residential & Commercial Development Opportunity – Lake Elsinore**
Exceptional opportunity to acquire a **multi-parcel property totaling approximately 4.5+ acres** in the heart of Lake Elsinore's expanding residential and commercial corridor. Strategically located on the **northeast corner of Lake Street and Running Deer Road**, the property sits within **2.5 miles of Interstate 15** and is surrounded by high-density residential growth and active commercial development.
The property consists of **two residential/land parcels**:
* A **3.6-acre lot** with an existing manufactured home that may be remodeled for comfortable living or removed to align with future development plans.
* A **0.91-acre lot** featuring multiple existing structures, offering additional flexibility for redevelopment or income-producing improvements.
These parcels are part of a larger commercially zoned footprint totaling approximately 4.5 acres, zoned **C2 General Commercial**, allowing for a wide range of uses permitted under C0, C1, and C2, zoning classifications. This zoning provides exceptional flexibility for retail, service, mixed-use, or complementary residential-supporting development.
The site is part of a broader **10-acre commercially zoned area** and is located adjacent to a planned commercial project currently in final entitlement on approximately 6 acres to the south at Mountain Street and Lake Street. The approved development includes an approximately 32,000-square-foot retail center with a fuel station, in-line retail buildings, a quick-serve restaurant, and a drive-thru restaurant—further strengthening the area's long-term growth potential.
This property is **ideal for investors and developers** seeking a value-add opportunity in a high-visibility location with strong residential demand, flexible zoning, and immediate proximity to future commercial anchors.
Exceptional opportunity to acquire a **multi-parcel property totaling approximately 4.5+ acres** in the heart of Lake Elsinore's expanding residential and commercial corridor. Strategically located on the **northeast corner of Lake Street and Running Deer Road**, the property sits within **2.5 miles of Interstate 15** and is surrounded by high-density residential growth and active commercial development.
The property consists of **two residential/land parcels**:
* A **3.6-acre lot** with an existing manufactured home that may be remodeled for comfortable living or removed to align with future development plans.
* A **0.91-acre lot** featuring multiple existing structures, offering additional flexibility for redevelopment or income-producing improvements.
These parcels are part of a larger commercially zoned footprint totaling approximately 4.5 acres, zoned **C2 General Commercial**, allowing for a wide range of uses permitted under C0, C1, and C2, zoning classifications. This zoning provides exceptional flexibility for retail, service, mixed-use, or complementary residential-supporting development.
The site is part of a broader **10-acre commercially zoned area** and is located adjacent to a planned commercial project currently in final entitlement on approximately 6 acres to the south at Mountain Street and Lake Street. The approved development includes an approximately 32,000-square-foot retail center with a fuel station, in-line retail buildings, a quick-serve restaurant, and a drive-thru restaurant—further strengthening the area's long-term growth potential.
This property is **ideal for investors and developers** seeking a value-add opportunity in a high-visibility location with strong residential demand, flexible zoning, and immediate proximity to future commercial anchors.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Zoning COML
Interior
Fireplace No
Exterior
Community Features Biking, Hiking
View Y/N Yes
View Desert
Building
Lot Description 2-5 Units/Acre
Water Public
New Construction No
Others
Senior Community No
Tax ID 389030029
Acceptable Financing Cash, Conventional, Trust Conveyance
Listing Terms Cash, Conventional, Trust Conveyance
Special Listing Condition Trust
Listed by Genesis White Real Estate Source, Inc 323-842-4991, DRE #01976959
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