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$5,950,000

Cereal Street
Lake Elsinore, CA 92530

Lake Elsinore Airport Site
The subject property is located in Lake Elsinore, California and consists of a total of 150.52 Acres. The property is situated just West of Interstate 15 near the corner of Corydon Rd and Cereal St and has approximately 2/3 of a mile of frontage to Cereal St. This location is less than two miles from I-15 at Bundy Canyon and 2 miles from I-15 via Diamond Drive. To the East of the property are several small industrial buildings as well as a self storage facility on Corydon Rd. To the North, West, and South the property is surrounded by vacant land. The property currently lies within the Lake Elsinore 100 year flood plain. The property itself encompasses Lake Elsinore Airport and Skydive Elsinore which occupy several small manufactured structures. The property presents with a runway which is more than 3,000 feet in length and storage grounds for multiple small aircraft. Skydive Elsinore currently leases approximately 95.5 Acres of the land for $13,000/month with $500 annual increases. The term of the lease is for five years and ends on April 30, 2023, however, Skydive Elsinore has one option to extend the lease for five additional years and holds a first right of refusal for the sale of the property.
Market Status: Available
Last Updated: February 28, 2021
Status
Market Status
Available
Last Updated
February 28, 2021
Description
Property Type
Land
Architecture
Lots/Acreage
Approx. Lot Size
150.52 Acres

Listing Features

  • Property Type: Lots And Land; Single Family Detached
$$$

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Data Provided by Coldwell Banker
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More information about this $5,950,000 Land at Cereal Street

This $5,950,000 Land at Cereal Street in Lake Elsinore, CA is presented by Brandon Sudweeks and has been on the market for 188 days. This $5,950,000 Land, located in the 92530 zip code, has the following property features: Property Type. This Cereal Street Land, located in Riverside County , is listed under MLS listing number 3YD-RFGCB-Z8M2FE and has a listing price of $5,950,000. You can find more Lake Elsinore homes for sale here.