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For Sale

$8,286,750

31760 Casino
Lake Elsinore, CA 92530

Sqft 31,747 sqft
6% Current CAP Rate - We are proud to present Lakeview Plaza, a 3-tenant retail/office building located in the City of Lake Elsinore, California. Built in 1990, the property sits on 2.51 acres and has a combined building size of approximately 31,747 square feet. The building is situated with approximately 500 feet of street frontage on Casino Drive and also offers gated rear access to the suites, a freeway pylon sign, covered walkways and approximately 110 parking spaces. The current tenants are long-term and have all signed leases that provide for annual rent increases. Upon the execution of the lease, the County of Riverside tenant improvements were in excess of $900,000. Rancho Physical Therapy tenant improvements include an indoor therapy pool and private treatment rooms.Lakeview Plaza has a strong location with freeway visibility on Interstate 15 and is located within one mile of the southeasterly shore of Lake Elsinore and several master plan residential communities including Summerly development that consists of approximately 1,979 dwelling units, several parks, recreation areas and an 18-hole golf course. Read More

Market Status
Available
Last Updated
May 6, 2021

Property Type
Commercial Property
Year Built
1990
MLS Area
699 - Not Defined

Local Market Conditions

There are currently 129 properties for sale in the Lake Elsinore, CA area with the average listing price of $557,855. This represents an increase of +0.3% over the previous week. The 2 bedroom homes saw the largest increase in the average listing price over the previous week with a +3.0% increase. To learn more about the Lake Elsinore, CA area, contact a local expert!

Market Snapshot for Lake Elsinore, CA

Avg. Listing Price

$557,855

Wk ending May 1

$+1,689

+0.3%

w-o-w

129

594

36

12

8

8

Average Listing Price for Lake Elsinore, CA
No. BedroomsNo. Beds Week Ending
(May 1)
w-o-w Week Ending
(Apr 24)
Week Ending
(Apr 17)
Week Ending
(Apr 10)
All PropertiesAll $557,855 +0.3% $556,166 $559,308 $559,835
1 bedroom1 BR $265,625 +0.0% $265,625 $265,500 $269,625
2 bedrooms2 BR $284,985 +3.0% $276,774 $284,690 $270,581
3 bedrooms3 BR $531,196 +0.7% $527,543 $547,824 $530,966
4 bedrooms4 BR $554,814 -1.4% $562,938 $553,637 $555,901

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This $8,286,750 Commercial Property at 31760 Casino in Lake Elsinore, CA is presented by Douglas McCauley and has been on the market for 92 days. This $8,286,750 Commercial Property, located in the 92530 zip code, has the following property features: MLS Area. This 31760 Casino Commercial Property, located in Riverside County , is listed under MLS listing number CV21022094 and has a listing price of $8,286,750. You can find more Lake Elsinore homes for sale here.

Data Provided by California Regional Multiple Listing Service

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. (CRMLS) and is protected by all applicable Copyright 2021 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Information deemed reliable but not guaranteed.

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