Lake Elsinore Homes with Retail Subtype

Lake Elsinore Homes with Retail Subtype

Welcome to Lake Elsinore, a vibrant gem nestled in Riverside County, California! Known for its stunning natural beauty and a rich tapestry of outdoor activities, Lake Elsinore offers a unique blend of small-town charm and modern conveniences. With its picturesque lake, breathtaking mountain views, and an array of recreational opportunities, it’s no wonder that this city attracts both residents and visitors alike.

Lake Elsinore is renowned for its namesake lake, one of the largest natural lakes in Southern California, perfect for boating, fishing, and water sports. The city is also surrounded by scenic hiking trails, parks, and open spaces, making it an ideal destination for nature enthusiasts and families looking to enjoy the great outdoors. Additionally, the community boasts a variety of dining, shopping, and entertainment options, ensuring that residents have everything they need right at their fingertips.

For those considering a move to Lake Elsinore, the housing market offers an exciting opportunity with homes featuring a retail subtype. These properties provide the perfect blend of residential comfort and commercial potential, ideal for entrepreneurs looking to establish a business or for families seeking a home with convenient access to retail spaces. Imagine living steps away from your favorite café or boutique, all while enjoying the tranquility of suburban life.

Whether you’re drawn to the area for its natural allure or the promise of a thriving community, Lake Elsinore is a place where dreams take root. Explore the possibilities of homeownership in this charming city, where every day can be an adventure!

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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