28750 Pierce Avenue

Lake Elsinore, CA 92530

LOCATION: Lake Elsinore - Riverside County, CA TOTAL SITE AREA: 4.58 Acres APN: 378-020-018 & 378-020-052 PURCHASE PRICE: $1,300,000 PRICE PER SF: $6.51/SF ZONING: R1 (Single Family Residential) GENERAL PLAN: Low Medium Residential Newly renovated 3 bed, 2 bath home Large Storage Barn Fully Fenced Adjacent to incoming development The subject property consists of two parcels totaling approximately 4.58 acres located on Pierce St just south of Nichols Rd in the City of Lake Elsinore. The property has relatively flat topography and is just south and west of two separate proposed industrial development projects. The site is an approximate 0.5 mile drive to I-15 at Nichols Rd. Furthermore the property is approximately 70 miles from the Ports of LA and Long Beach. The property is currently fenced on all sides and contains a newly renovated 3 bedroom, 2 bathroom single family home. Toward the back of the property is a large barn with a small living quarters/office built above the barn. Buyer to verify all permits for existing structures. The subject property is zoned Single Family Residential which is intended to accommodate low density residential projects with +/-7200 SF lots. Ownership has had positive conversations with the city in regards to a potential rezone. Given the prospective industrial developments to the east and to the north of this site it is believed that there will be favorable support for an industrial rezone at this location.