$ 1,400,000
0 Diamond Drive Lake Elsinore, CA 92530
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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Listed by Phyllis Cheng • Titan One Real Estate
$ 1,400,000
Est. payment /mo
New
0 Diamond Drive Lake Elsinore, CA 92530
2.39 Acres Lot
UPDATED:
08/15/2024 06:18 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR-24164544
Lot Size 2.390 Acres
Property Description
FLAT LOT!!! Possible to build 80 units. Buyer to do own due-diligences. 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 a range of developments. Whether envisioning a lucrative cash cow, affordable housing units, or a condominium project, this listing holds the key to realizing your vision.
Location
State CA
County Riverside
Zoning CMU
Exterior
Community Features Suburban
Utilities Available None
View Y/N No
View None
Building
Lot Description Corner Lot