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Diamond Dr

2.35 Acres of Commercial Land Offered at $1,966,552 CAD in Lake Elsinore, CA 92530

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Executive Summary

FLAT LOT!!! Is it possible to build 80 units. Buyer to do own due diligence. Discover the epitome of commercial real estate potential in the heart of the dynamic Lake Elsinore landscape. This prime low-density residential project strategically positioned at the crossroads of Diamond Drive and Campbell Street, is a vast expanse of 2.35 acres, identified by the parcel numbers 363-162-024, 363-162-025, 363-162-039, and 363-162-030. Potential investors should note that the property's zoning allows for 64 units and 16 ADUs, but it is essential to verify and confirm these details through personal research and consultation with professionals or city authorities. Seize this opportunity to shape the future of this prime low-density property in the thriving Lake Elsinore community. The canvas is vast, the potential is boundless—your vision awaits. Boasting a strategic location near the 15 Freeway, this property ensures convenient accessibility while maintaining a significant buffer of over 500 feet from health checkpoints. Adding to its allure, the location is in close proximity to the celebrated Lake Elsinore Storm, offering effortless connectivity to South Orange County via the 74 Ortega Highway and San Diego County via the 15 Freeway. This exceptional opportunity is tailor-made for forward-thinking developers, with a particular focus on the prospect of a residential project. The expansive 2.35-acre canvas opens the door to endless possibilities. Currently situated in a low-density area, the property allows for the construction of 64 units and 16 Accessory Dwelling Units (ADUs), providing a canvas for potential cash flow, affordable housing, or a condominium development. Prospective buyers are encouraged to conduct their due diligence to unlock the full potential of this remarkable land listing. The property's versatility and strategic location make it an ideal canvas for various developments. Whether envisioning a lucrative cash cow, affordable housing units, or a condominium project, this listing holds the key to realizing your vision.

Property Facts

Price	$1,966,552 CAD	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Office
No. Lots	1	Total Lot Size	2.35 AC
Property Type	Land	Cross Streets	Campbell

Price	$1,966,552 CAD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Office
Total Lot Size	2.35 AC
Cross Streets	Campbell

1 Lot Available

Lot

Price	$1,966,552 CAD	Lot Size	2.35 AC
Price Per AC	$836,831 CAD

Price	$1,966,552 CAD
Price Per AC	$836,831 CAD
Lot Size	2.35 AC

Parcel numbers 363-162-024, 363-162-025, 363-162-039 and 363-162-030

Description

Lake Elsinore at Diamond Dr and Campbell St Commercial Property for sale Great commercial development opportunity at the corner of Diamond Drive and Campbell Street in the city of Lake Elsinore. Parcel numbers 363-162-024, 363-162-025, 363-162-039 and 363-162-030 for a total of 2.35 acre commercial lot. Close to 15 Freeway yet over 500 ft away for best air quality and near the Lake Elsinore Storm. Easy access to San Diego County via the 15 Freeway and to South Orange County via the 74 Ortega Highway. Lake Elsinore is one of the fastest growing cities in Riverside.

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PROPERTY TAXES

Parcel Numbers	Multiple 363-162-039 363-162-030 363-162-024 363-162-025	Improvements Assessment	$0 CAD
Land Assessment	$3,447,426 CAD	Total Assessment	$3,447,426 CAD