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$ 1,398,888
Est. payment /mo
Active
118 N Main Lake Elsinore, CA 92530
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26037236
HOA Y/N No
Year Built 1920
Lot Size 3,920 Sqft
Property Sub-Type Mixed Use
Property Description
Positioned in the core of Lake Elsinore's revitalized downtown corridor, this well-located mixed-use asset presents a compelling opportunity for investors and owner-users seeking stable income with long-term upside.
The property features a street-level retail storefront with strong frontage and visibility along the Main Street corridor—ideal for retail, restaurant/café, professional office, or service-oriented uses.
The second level comprises a spacious 4-bedroom, 1-bathroom residential unit, creating a built-in income stream or an ideal live/work configuration.
According to the homeowner, the bottom retail space is approx. 2,941 sq ft, and the upstairs is approximately 1,104 sq ft.
Flexible investment options:
- Owner-user opportunity: Operate your business on the ground floor and reside upstairs.
- Dual-income potential: Lease both the commercial and residential units for maximum cash flow.
- Value-add upside: Benefit from continued downtown growth and infrastructure investment.
The property is located within the City's active Downtown Revitalization Initiative, which includes the development of the new City Hall at Main and Graham, pedestrian and streetscape improvements, and ongoing infrastructure upgrades designed to enhance walkability and commerce.
With increasing demand in one of Southern California's fastest-growing communities, this asset offers a strategic blend of retail exposure, residential income, and long-term appreciation potential.
The property features a street-level retail storefront with strong frontage and visibility along the Main Street corridor—ideal for retail, restaurant/café, professional office, or service-oriented uses.
The second level comprises a spacious 4-bedroom, 1-bathroom residential unit, creating a built-in income stream or an ideal live/work configuration.
According to the homeowner, the bottom retail space is approx. 2,941 sq ft, and the upstairs is approximately 1,104 sq ft.
Flexible investment options:
- Owner-user opportunity: Operate your business on the ground floor and reside upstairs.
- Dual-income potential: Lease both the commercial and residential units for maximum cash flow.
- Value-add upside: Benefit from continued downtown growth and infrastructure investment.
The property is located within the City's active Downtown Revitalization Initiative, which includes the development of the new City Hall at Main and Graham, pedestrian and streetscape improvements, and ongoing infrastructure upgrades designed to enhance walkability and commerce.
With increasing demand in one of Southern California's fastest-growing communities, this asset offers a strategic blend of retail exposure, residential income, and long-term appreciation potential.
Location
State CA
County Riverside
Area 699 - Not Defined
Interior
Heating Central
Fireplace No
Laundry None
Exterior
Present Use Commercial,Residential,Single Family,See Remarks
Building
Lot Description Street Level, Walkstreet
Story 2
Water Public
Others
Tax ID 373024016
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Notice Of Default
Listed by Olluky Lopez ReMax Sky 323-742-1823, DRE #02040124
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