Lake Elsinore Homes with Retail Subtype

Lake Elsinore Homes with Retail Subtype

Welcome to Lake Elsinore, a hidden gem nestled in Riverside County, California. Known for its stunning natural beauty and vibrant community, Lake Elsinore offers a unique blend of small-town charm and modern amenities. With its picturesque lake, surrounded by the majestic Ortega Mountains, residents enjoy a plethora of outdoor activities, from boating and fishing to hiking and biking on scenic trails. The city is also home to the famous Lake Elsinore Storm, a minor league baseball team that brings excitement to the local sports scene.

For those looking to invest in real estate, Lake Elsinore presents an enticing opportunity with homes featuring a retail subtype. These properties are designed to cater to both residential living and entrepreneurial aspirations, allowing homeowners to operate a business from the comfort of their own space. Imagine waking up in your cozy home and stepping into your own shop or studio, creating a seamless blend of work and life.

The real estate market in Lake Elsinore is thriving, offering a variety of homes that cater to diverse tastes and budgets. From charming single-family homes to modern townhouses, there’s something for everyone. The community is friendly and welcoming, with local events and festivals that foster a strong sense of belonging.

With its strategic location just a short drive from major cities like Los Angeles and San Diego, Lake Elsinore is the perfect place for those seeking tranquility without sacrificing convenience. Embrace the lifestyle you’ve always dreamed of in Lake Elsinore, where your home can also be your business. Discover the endless possibilities that await you in this beautiful city!

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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