16475 Lakeshore Drive,  Lake Elsinore CA, 92530 (Commercial)

Status: Sold
MLS#: NP16037176
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Last Updated: 12/3/2016 3:30 AM
Description for 16475 Lakeshore Drive Lake Elsinore, CA 92530
JUST REDUCED...BACK ON THE MARKET!! GREAT Investment property!!! Owner Occupant Business opportunity!!! This Newly constructed multi-tenant strip retail building is situated in the heart of Lake Elsinore, CA. This property features 6,101 square foot building residing on a 40,075 square foot lot on a busy Lakeshore Drive. The property is part of Lakeshore Plaze, anchored by Rite Aid Pharmacy, and is located at the signalized corner of Lakeshore Drive and Machado St. This fully improved retail strip center features 5 separate retail units which range from 1,167 to 1,300 square feet and each includes restrooms, lighting, drop ceilings and HVAC. 1 unit currently rented and 4 units AVAILABLE for potential fast food restaurant, cafe, donut, insurance office, etc. which can profit from the high traffic of the anchor tenant (Rite Aid). This building was completed in 2009 and is being offered to INVESTORS with the possibility to own a brand new, high identity property with strong fundamentals, at a price well below replacement cost. Entrepreneurs wanted with interest of owning their own building and bringing in a Franchise business that will BOOM in this location!!!
Price
Sold Price:
$930,000
Sold Date:09/09/2016
Riverside
NP16037176
Closed
Description
JUST REDUCED...BACK ON THE MARKET!! GREAT Investment property!!! Owner Occupant Business opportunity!!! This Newly constructed multi-tenant strip retail building is situated in the heart of Lake Elsinore, CA. This property features 6,101 square foot building residing on a 40,075 square foot lot on a busy Lakeshore Drive. The property is part of Lakeshore Plaze, anchored by Rite Aid Pharmacy, and is located at the signalized corner of Lakeshore Drive and Machado St. This fully improved retail strip center features 5 separate retail units which range from 1,167 to 1,300 square feet and each includes restrooms, lighting, drop ceilings and HVAC. 1 unit currently rented and 4 units AVAILABLE for potential fast food restaurant, cafe, donut, insurance office, etc. which can profit from the high traffic of the anchor tenant (Rite Aid). This building was completed in 2009 and is being offered to INVESTORS with the possibility to own a brand new, high identity property with strong fundamentals, at a price well below replacement cost. Entrepreneurs wanted with interest of owning their own building and bringing in a Franchise business that will BOOM in this location!!!
Listing Information
Property Type: General Commercial, Other
2009
Neighborhood
Room Information
Exterior / Lot Features
None
Driving Directions
On the signalized corner of Lakeshore Dr. and Machado St. Cross Streets: Lakeshore Dr. & Machado St.
Financial Considerations
379241057
Listing Price History

Lake Elsinore Real Estate

Lake Elsinore is located in California. Lake Elsinore, California 92530 has a population of 52,219.

The median household income in Lake Elsinore, California 92530 is $62,436. The median household income for the surrounding county is $57,096 compared to the national median of $53,046. The median age of people living in Lake Elsinore 92530 is 29 years.

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Courtesy: HOM Sotheby's International Re Louis Pacheco
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