**Prime Residential & Commercial Development Opportunity – Lake Elsinore**
Exceptional opportunity to acquire a **multi-parcel property totaling approximately 4.5+ acres** in the heart of Lake Elsinore’s expanding residential and commercial corridor. Strategically located on the **northeast corner of Lake Street and Running Deer Road**, the property sits within **2.5 miles of… Read More Interstate 15** and is surrounded by high-density residential growth and active commercial development.
The property consists of **two residential/land parcels**:
* A **3.6-acre lot** with an existing manufactured home that may be remodeled for comfortable living or removed to align with future development plans.
* A **0.91-acre lot** featuring multiple existing structures, offering additional flexibility for redevelopment or income-producing improvements.
These parcels are part of a larger commercially zoned footprint totaling approximately 4.5 acres, zoned **C2 General Commercial**, allowing for a wide range of uses permitted under C0, C1, and C2, zoning classifications. This zoning provides exceptional flexibility for retail, service, mixed-use, or complementary residential-supporting development.
The site is part of a broader **10-acre commercially zoned area** and is located adjacent to a planned commercial project currently in final entitlement on approximately 6 acres to the south at Mountain Street and Lake Street. The approved development includes an approximately 32,000-square-foot retail center with a fuel station, in-line retail buildings, a quick-serve restaurant, and a drive-thru restaurant—further strengthening the area’s long-term growth potential.
This property is **ideal for investors and developers** seeking a value-add opportunity in a high-visibility location with strong residential demand, flexible zoning, and immediate proximity to future commercial anchors. Read Less
Property listed by Real Estate Source, Inc, Genesis White 323-842-4991
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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