31760 Casino Drive Lake Elsinore, CA $ 9,750,000
31760 Casino Drive
$ 9,750,000
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31760 Casino Drive

Lake Elsinore, CA, 92530
$ 9,750,000
Baths0.0 Sq 32,000

Monthly Estimate*

$ 68,107

Listed by ROBERT ARRIETA, BROKER
31760 Casino Drive, Lake Elsinore, CA 92530 - Image 1
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31760 Casino Drive, Lake Elsinore, CA 92530 - Image 8
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Studio

Commercial Property for sale in Lake Elsinore, CA

for $9,750,000. This 32,000 square foot building was built in 1980 on a lot size of 2.51.

100% OCCUPIED STABALIZED ASSET, 2/3 COUNTY OF RIVERSIDE, OTHER LONG TERM TENANTS ARE RANCHO THERAPY & RENEWAL CHURCH. LOTS OF TI'S IN ALL SPACES. SOME UPSIDE STRATEGY AVAILABLE. FREEWAY EXPOSURE AND LAKE VEIW. APPROX 32,000 USABLE SQ FOOTAGE ON 2.51 ACRES.

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Commercial Active

Price

$ 9,750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

MixedUse

Lot Size

2.51

Year Built

1980

Town/City

Lake Elsinore

County/Region

Riverside

MLS | Web ID

IV22178899

Days on Market

625

Features
General
Heating Central
Cooling CentralAir
Roof Flat
Year Built 1980
Topography Level
Property SubType MixedUse
Additional Parcels Description 363171022 363171024 363171012 363171013 363171014
County Riverside
Net Operating Income 591042.11
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions 15 FRWY ADJACENT AT RAILROAD CANYON EXIT MAKE GO SOUTH LEFT AT CASINO DR
City Lake Elsinore
View Y/N N
Senior Community Y/N N
MLS Area SRCAR - Southwest Riverside County
Lot Size Square Feet 109335.6
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 3
Street Name Casino
Listing Terms Cash CashtoNewLoan Item1031Exchange
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 506
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Tenant
Year Built Source Estimated
Property Sub Type Additional MixedUse
Cap Rate 6.0
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Exterior
Fencing Block
Lot Features NearPublicTransit Flat
Water Source Public
Lot Size Area 109335.6
Number of Buildings 1
Spa N
Building Area Total 32000.0
Lot Size Acres 2.51
Lot Size Units SquareFeet
Lot Size Source Estimated
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Drive
Laundry Features SeeRemarks
Electric On Property Y/N N
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Internal Only
Street Number 1 31760
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* Excluded Features
List By
Robert Arrieta, Broker

Broker

(951) 892-5963

Phone

Affordability Calculator

$68,107
Per Month
100%
0%
0%
Monthly Principal & Interest
$68,107
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/13/2022$9,750,000 Listed Price

Map


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31760 Casino Drive, Lake Elsinore, CA, 92530 is a Commercial Property for sale at $9,750,000 with 32,000 sqft and a lot size of 2.51. 31760 Casino Drive is a studio with 0.0 baths and was built in 1980. The property's zip code is 92530 which is in Lake Elsinore, CA