$725,000

228 S Spring Street

Lake Elsinore CA, 92530

Description

OPPORTUNITY FOR INVESTMENT IN A RAPIDLY GROWING DOWNTOWN AREA THIS .60 AC/ZONED COMMERICAL MIX USE. THIS HISTORICAL CRAFTMAN 2764 SQ.FT. HOME WITH A SEPARATE STRUCTURE CONSISTING OF EST.1250 SQFT & VACANT LAND. *LAKE/MTS VIEW*PARLOR, BUILTIN CHINA CABINET*WOODBEAM CEILINGS*CROWN MOLDING*WOOD FLOORS*3 FIREPLACES*WINDOW MOLDING*CENTRAL HEAT/AIR*COPPER PLUMBING*MASTER SUITE* BOAST ENDLESS POSIBILITIES FOR THIS PROPERTY. THE OTHER STRUCTURE OF EST.1250 SQ.FT. CAN BE POSSILIBLE OFFICE/DANCE/STUDIO W/BATHROOM*OVERSIZED ENCLOSED CARPORT, *100FT RVPARKING* 4 ADJOINING LOTS IN ALL. (CHECK CITY FOR LAND USES) THE CITY OF LAKE ELSINORE MASTER PLAN IS SOUGHT TO PRESERVE THE HISTORIC ASSESTS WITHIN THE DOWNTOWN WHILE ALLOWING THE DOWNTOWN AREA TO EVOLVE AS A "CITY OF IT'S TIME" ZONED MIX USE: THIS DESIGNATION PROVIDES FOR A MIX OF RESIDENTIAL AND COMMERICAL USES WITHIN A SINGLE PROPOSED DEVELOPMENT AREA, THE POSSIBILITES ARE ENDLESS WITH AN EMPHASIS ON RETAIL, SERVICE, CIVIC AND PROFESSIONAL OFFICE USES. RESIDENTIAL USES ARE ALLOWED EITHER AS A STAND-ALONE PROJECT, OR IN COMBINATION W/COMMERICAL USES. PLEASE CHECK WITH THE CITY OF LAKE ELSINORE PLANNING DEPARTMENT FOR COMPLETE DETAILS.THIS PROPERTY IS A LEVEL CORNER LOT CONSISTING OF FOUR PARCELS (374-272-009, 08, 07 & 06) THIS VERY UNIQUE PROPERTY HAS GREAT POTENTIAL AND CENTRALLY LOCATED ON THE HEART OF LAKE ELSINORE COMMERICAL AREA. BEING JUST EAST FROM THE LAKE (within walking distance) MINUTES FROM 15 FWY & ALL CONVENIENT SERVICES

Details

MLS#SW20236493
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1910
Days On Site21

Features

SQ Feet3,263
Units2
Building(s)1

Market Activity 92530

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Area Information
StateCA
CountyRiverside
CityLake Elsinore
Zip Code92530
AreaSRCAR - Southwest Riverside County
Listing VS Median (in 92530)
Price:
$725,000
low | high
Med:
$182,500
100% of Average
SqFt:
3,263
low | high
Med:
420
100% of Average
$ / SqFt:
$222
low | high
Med:
$110
100% of Average
On Site:
21
low | high
Med:
44.500000
47.191011235955% of Average
Listing Updated: December 5, 2020 12:12:17 PM PST
Anthony Cullors LogoMLS Number: SW20236493
Listing Provided By:
Anthony Cullors  of  HOMESMART
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.