Lake Elsinore Homes with Retail Subtype

Lake Elsinore Homes with Retail Subtype

Welcome to Lake Elsinore, California—a vibrant city nestled in Riverside County, known for its stunning natural beauty and thriving community spirit. This picturesque locale is framed by the breathtaking Santa Ana Mountains and offers an abundance of recreational opportunities, including the stunning Lake Elsinore itself, which is perfect for boating, fishing, and picnicking. With a warm climate and a rich history, Lake Elsinore provides a perfect backdrop for both relaxation and adventure.

One of the most exciting aspects of Lake Elsinore is its diverse real estate market, particularly homes with a retail subtype. These unique properties offer a blend of residential comfort and commercial potential, making them ideal for entrepreneurs and families alike. Imagine living in a charming home while running a boutique, café, or service business right from your front door! This innovative approach to living and working allows you to immerse yourself in the local community while enjoying the convenience of having your business just a stone’s throw away.

Lake Elsinore boasts a welcoming community with a variety of amenities, including parks, shopping centers, and top-rated schools. The city is also home to numerous events and festivals throughout the year, fostering a strong sense of belonging among residents. Whether you’re looking to invest in a home with retail opportunities or simply want to experience the charm of this beautiful city, Lake Elsinore is a place where dreams can flourish. Explore the possibilities today and discover why so many are proud to call Lake Elsinore home!

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.