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$1,350,000
Est. payment /mo
4.58 Acres Lot
UPDATED:
09/30/2024 06:30 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV23018702
HOA Y/N No
Lot Size 4.580 Acres
Property Description
The subject property consists of two parcels totaling approximately 4.58 acres located on
Pierce St just south of Nichols Rd in the City of Lake Elsinore. The property has relatively flat
topography and is just south and west of two separate proposed industrial development
projects. The site is an approximate 0.5 mile drive to I-15 at Nichols Rd. Furthermore the
property is approximately 70 miles from the Ports of LA and Long Beach.
The property is currently fenced on all sides and contains a newly renovated 3 bedroom, 2
bathroom single family home. Toward the back of the property is a large barn with a small
living quarters/office built above the barn. Buyer to verify all permits for existing structures.
The subject property is zoned Single Family Residential which is intended to accommodate low
density residential projects with +/-7200 SF lots. Ownership has had positive conversations
with the city in regards to a potential rezone. Given the prospective industrial developments
to the east and to the north of this site it is believed that there will be favorable support for an
industrial rezone at this location.
Pierce St just south of Nichols Rd in the City of Lake Elsinore. The property has relatively flat
topography and is just south and west of two separate proposed industrial development
projects. The site is an approximate 0.5 mile drive to I-15 at Nichols Rd. Furthermore the
property is approximately 70 miles from the Ports of LA and Long Beach.
The property is currently fenced on all sides and contains a newly renovated 3 bedroom, 2
bathroom single family home. Toward the back of the property is a large barn with a small
living quarters/office built above the barn. Buyer to verify all permits for existing structures.
The subject property is zoned Single Family Residential which is intended to accommodate low
density residential projects with +/-7200 SF lots. Ownership has had positive conversations
with the city in regards to a potential rezone. Given the prospective industrial developments
to the east and to the north of this site it is believed that there will be favorable support for an
industrial rezone at this location.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Zoning R1
Interior
Fireplace No
Exterior
Community Features Foothills, Hiking, Lake, Valley
View Y/N Yes
View Desert, Hills, Lake, Mountain(s), Valley
Building
Lot Description 2-5 Units/Acre
Water Public
New Construction No
Others
Senior Community No
Tax ID 378020018
Acceptable Financing Conventional, Contract
Listing Terms Conventional, Contract
Special Listing Condition Standard
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Listed by ERIC WASHLE • COLDWELL BANKER COMMERCIAL SC • 714-323-3862
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Terrance Scotton, Broker Associate
Broker Associate | License ID: 01707848 NMLS: 908256
Broker Associate License ID: 01707848 NMLS: 908256