Sold
18261 Collier Avenue
Lake Elsinore CA, 92530
$4,400,000
$233.10 per sqft
Sold
18,876 sqft
Commercial
Built in 2002
Listed by Kris McGee with eXp Realty of California, Inc. 888-832-7179
Terrific opportunity to obtain a highly visible 18,876 multi-tenant Industrial building on a hard signalized corner in a great location across from Home Depot just off I-15 in the heart of Lake Elsinore. The building sits on 1.22 acres with 45 parking spaces and is fully leased to three tenants with Sherwin Williams as the anchor tenant on a new 10-year lease. Value add opportunity with two of the tenants paying under market rent. Currently being operated as an owner-user industrial/flex building with mostly office/showroom/retail and industrial warehouse uses.
Zoned CM-Commercial Manufacturing. See supplements for all permitted uses.
"The intent of the C-M district is to provide opportunities consistent with the General Plan for uses that combine commercial and industrial characteristics and for certain commercial uses which require large display or storage areas. Properties assigned this designation shall be located on streets that are categorized as secondary, major, or arterial highways in order to accommodate the intensity of use and increased truck traffic associated with the C-M district and, also, to ensure a high degree of visibility to benefit the commercial aspects of the businesses. In a like manner, C-M projects should demonstrate a higher quality of appearance befitting their more commercial nature than would a typical industrial project."
SW22196875
MLSⓇ ID
September 7, 2022
Listed
March 23, 2024
Updated
Map
18261 Collier Avenue
Lake Elsinore CA, 92530
Interior Features
Total Stories
1
Laundry Description
None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.22 Acres
Lot Features
Corner Lot, Lot Over 40000 Sqft, Paved, Rectangular Lot, Street Level, Flat
Other Property Details
Area Name
SRCAR - Southwest Riverside County
Days on Market
96
Garage
No
Parking Total
45
View
No
County
Riverside
Water Source
Public
Pool
No
Zoning
CM
Buyer Agency Compensation
2%
Listing Contact: 888-832-7179
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:47 AM UTC