Lakefront Village - 42 Acre (Mixed-Use) Property...
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Coldwell Banker Commercial SC has been retained by ownership to market this 42.5-acre development in the City of Lake Elsinore, California. The property is conveniently located on Grand Avenue and Highway 74 and is a mere 30 minutes to Orange County. Lakefront Village - 42 Acre (Mixed-Use) Property Lake Elsinore, California Development Opportunity Investment Summary
Transcript of Lakefront Village - 42 Acre (Mixed-Use) Property...
Coldwell Banker Commercial SC has been retained by ownership to market this 42.5-acre development in the City of Lake Elsinore, California. The property is conveniently located on Grand Avenue and Highway 74 and is a mere 30 minutes to Orange County.
Lakefront Village - 42 Acre (Mixed-Use) Property Lake Elsinore, California
Development Opportunity Investment Summary
Lakefront Village consists of 42.5 gross acres of lake front property in the City of Lake Elsinore. The property is conveniently located on Grand Avenue and Highway 74.
Development Opportunity
Property DescriptionProject Location 15900 Grand Avenue
Lake Elsinore, CaliforniaSize 42.5 Acres - Gross
29 Acres are planned for developmentCondition Vacant, partially improved landAssessor’s Parcel No. 1. 381-050-001 - 21.55 Ac,
2. 381-050-002 - 21.17 Ac
Zoning (MU-C) Commercial Mixed Use which allows for 50% Residential
Structure Elsinore Naval Military AcademyThe existing structure was originally built in 1925 & operated as a school from 1933-1977. The building is 37,785 SF with three (3) levels. 2006 feasibility study available.
Price $7,000,000.00
Investment Highlights
Lakefront Village Lake Elsinore, California
Development Opportunity Investment Summary
Grand Ave
21
2
Grand Ave
Open Space
1,300 Linear Feet - Frontage
Elsinore Naval & Military School
Hwy
74 &
O
rtega
Hw
y
APN: 380-050-00121.55 Acres
APN: 380-050-00221.17 Acres
Lakefront Village Lake Elsinore, California
Development Opportunity Investment Summary
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Investment Highlights continuedMixed Use Concept PlanTotal Acres ±42.5 Acres
Residential(Projected)
±24.5 Acres±162 Apartments±119 “For Sale” Condos±111 Townhomes
Retail ±5 Acres
Navy Site ±3.5 Acres
Open Area ±9.5 Acres
Lakefront Village Lake Elsinore, California
Development Opportunity Investment Summary
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Not Entitled
Disclosure:The “Conceptual Plan” proposed is only an estimated projected plan based on market data, city & municpal input and does not represent a final entitlement scenario. The buyer is advised to conduct its own study, planning scenario and independent research.
Lakefront Village - Conceptual Plan
Development Opportunity Investment Summary
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Grand Ave
Ortega Hwy
Rive
rsid
e Dr
Lake St
Cen
tral A
ve
Lakefront Village Lake Elsinore, California
Development Opportunity Investment Summary
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Lakefront Village Lake Elsinore, California
Development Opportunity Investment Summary
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The subject site contains approximately 42 acres, and is located on the eastern side of Grand Avenue at the intersection of Ortega Highway and Grand Avenue. Grand Avenue will provide the main egress and ingress for the subject site, connecting to surrounding services and employment centers. According to city traffic counts, on an annual average basis, over 15,000 vehicles pass the subject site each day, and 8,900 travel in or out of the Lake Elsinore area to Orange County on Ortega Highway, which terminates at Grand Avenue, across from the subject site. The subject site is within three miles of the I-15 Freeway via Grand Avenue, connecting to Central Avenue.
The property is bordered by single family housing on the southern, western, and northern edges, and Lake Elsinore provides the eastern border. Elsinore Naval and Military School, originally built in 1925 as a country club and later operated as a school (reportedly, from about 1933 to 1977), is located in the southwest corner of the property.
The site has approximately 1,300 linear feet of frontage on the lake, and slopes gently from Grand Avenue to the waterline (approximately 1,450 feet from Grand Avenue). Lake and mountain views can be seen in the north, while the south holds mountain views.
The neighborhoods surrounding the subject property to the north and south (to both the east and west of Grand Avenue) are a mixture of housing of varying ages and quality, as well as recreational uses, commercial buildings and vacant land. The Ortega Oaks Plaza strip-center, which includes a market, real estate office, and miscellaneous retail, is at the interesection of Grand Avenue and Ortega Highway, to the southeast of the subject property.
Property Summary
Lakefront Village Lake Elsinore, California
Development Opportunity Investment Summary
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Founding Partner - Broker(858) [email protected]@alnrealestate.comCalBRE 00920659
4250 Executive Square, Suite 530La Jolla, CA 92037
T (858) 300-6777 F (858) 876-1685CalBRE 01998652
Allen Nunez
LakefrontVillage
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30 miles to Interstate 5 in
Orange CountyTo Temecula and
San Diego
To Corona and Los Angeles
