Type : Retail Lease
Price : $8.40
Price Per SF : $8.40
Building SF : 6101
Lot SF : 40075
Number of Units : 5
CAP rate :
Address : 16475 Lakeshore Dr
Lake Elsinore, CA 92530
Notes and Property Description : RETAIL PROPERTY FOR SALE!!! This newly constructed multi-tenant strip retail building is situated in the heart of Lake Elsinore, CA. This property features 6,101 square foot building residing on a 40,075 square foot lot on busy Lakeshore Drive. The Property is part of Lakeshore Plaza, anchored by Rite Aid Pharmacy, and is located at the signalized corner of Lakeshore Drive and Machado St. This improved retail strip center could be occupied by a single tenant or could be divisible into 5 separate retail units which range from 1,167 to 1,300 square feet. Each unit includes a restroom, lighting, drop ceilings and HVAC. Recently completed in 2009, the property is currently vacant and offers investors the chance to own a brand new, high identity property with strong fundamentals, at a price well below replacement cost. This unique property can support a wide spectrum of retail businesses with its CP-Commercial Park zoning. Opportunities like this one rarely come available in Lake Elsinore!