Lake Elsinore Homes with Retail Subtype

Lake Elsinore Homes with Retail Subtype

Lake Elsinore, located in Riverside County, California, is a vibrant city known for its stunning natural beauty and recreational opportunities. Nestled in the foothills of the Santa Ana Mountains, this charming city offers a perfect blend of modern amenities and a laid-back lifestyle.

With a population of over 66,000 residents, Lake Elsinore is a thriving community that attracts both locals and tourists alike. The city is renowned for its namesake lake, which is the largest natural freshwater lake in Southern California. This picturesque lake provides a plethora of recreational activities such as boating, fishing, and water sports, making it a haven for outdoor enthusiasts.

In addition to its natural attractions, Lake Elsinore boasts a diverse range of housing options, including homes with a retail subtype. These properties offer the unique advantage of having retail space within or adjacent to the residential area. This means residents have convenient access to a variety of shops, restaurants, and services right at their doorstep.

Whether you're looking for a cozy suburban home or a modern apartment with retail amenities, Lake Elsinore has something to suit every taste and budget. The city's real estate market offers a mix of single-family homes, townhouses, and condominiums, ensuring there's a perfect home for everyone.

With its picturesque landscapes, thriving community, and homes with a retail subtype, Lake Elsinore presents an attractive option for those seeking a balanced lifestyle in the heart of Riverside County, California.

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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