Lake Elsinore Homes with Retail Subtype

Lake Elsinore Homes with Retail Subtype

Welcome to Lake Elsinore, California, a vibrant gem nestled in Riverside County that perfectly blends scenic beauty with a thriving community spirit. Known for its stunning lake views and year-round sunshine, Lake Elsinore offers residents a unique lifestyle that embraces both outdoor adventures and urban conveniences. The city is famous for its namesake lake, which is the largest natural freshwater lake in Southern California, attracting boating, fishing, and hiking enthusiasts alike.

In recent years, Lake Elsinore has become a hotspot for homebuyers looking for properties with retail subtypes. These homes provide a unique opportunity for those seeking a live-work lifestyle, allowing residents to enjoy the comfort of their own home while running a business or engaging in retail activities right from their doorstep. Imagine waking up to the serene views of the lake and then stepping into your own shop or office space, all without the hassle of a long commute!

The housing market in Lake Elsinore is diverse, featuring charming single-family homes, modern townhouses, and spacious retail properties. Many of these homes with retail subtypes are strategically located near major thoroughfares and bustling shopping districts, making them ideal for entrepreneurs and small business owners.

Whether you’re drawn to the picturesque landscapes, the vibrant community, or the exciting business opportunities, Lake Elsinore is more than just a place to live; it’s a lifestyle waiting to be embraced. Explore the possibilities today and discover your perfect home in this dynamic city!

Newest Lake Elsinore Homes with Retail Subtype

$1,759,000
DW26140807 MLS Active Status
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 $425,000. The business generates gross annual sales exceeding $1,000,000, making this an outstanding opportunity for an owner-user seeking an established, turnkey operation. Cap rate at $10,000 NNN is 6.82 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. 2,776 SF building with an additional 800 SF covered patio Built in 1982 Renovated in 2022 Zoned CP Located on Ortega Hwy just as you come into Lake Elsinor. Cap Rate is based on Market rent of $10,000 a month NNN Ringside Bar and Grill to be sold concurrently at $425,000 Includes a Type 48 liquor license Seats 99 persons 10 beer taps, and 3 wells behind the bar Touchtunes jukebox Multuple Samsung Smart TVs Sound system with DJ set up Flat top grill Two fryers Pizza Oven

31502 Riverside, Lake Elsinore

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.