Lake Elsinore Homes with Retail Subtype

Lake Elsinore Homes with Retail Subtype

Welcome to Lake Elsinore, a vibrant city nestled in Riverside County, California, where the stunning natural beauty of the region meets a thriving community spirit. Known for its picturesque lake, which is one of the largest natural lakes in Southern California, Lake Elsinore offers a unique blend of outdoor recreation and urban convenience. Whether you're looking to enjoy water sports, hiking trails, or simply basking in the sun, this city has something for everyone.

One of the most exciting aspects of Lake Elsinore is its diverse real estate market, especially the homes with a retail subtype. These properties provide a fantastic opportunity for those looking to combine residential living with entrepreneurial ventures. Imagine living in a charming home while having the convenience of your own retail space right at your doorstep. This setup is perfect for small business owners, artists, or anyone who desires a live-work balance.

The community is characterized by its friendly neighborhoods, excellent schools, and a variety of shopping and dining options. With the beautiful backdrop of the Santa Ana Mountains and easy access to major highways, Lake Elsinore is not only a picturesque place to live but also a strategic location for businesses.

As you explore the possibilities in Lake Elsinore, you'll discover a welcoming community filled with potential, making it an ideal destination for both residents and entrepreneurs alike. Embrace the charm of this city, where home and business seamlessly intertwine, and start your new chapter in beautiful Lake Elsinore today!

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.