$2,800,000
28857 Lake
Lake Elsinore, CA, 92530
Property Description
**Prime Residential & Commercial Development Opportunity – Lake Elsinore**
Exceptional opportunity to acquire a **multi-parcel property totaling approximately 4.5+ acres** in the heart of Lake Elsinore’s expanding residential and commercial corridor. Strategically located on the **northeast corner of Lake Street and Running Deer Road**, the property sits within **2.5 miles of Interstate 15** and is surrounded by high-density residential growth and active commercial development.
The property consists of **two residential/land parcels**:
* A **3.6-acre lot** with an existing manufactured home that may be remodeled for comfortable living or removed to align with future development plans.
* A **0.91-acre lot** featuring multiple existing structures, offering additional flexibility for redevelopment or income-producing improvements.
These parcels are part of a larger commercially zoned footprint totaling approximately 4.5 acres, zoned **C2 General Commercial**, allowing for a wide range of uses permitted under C0, C1, and C2, zoning classifications. This zoning provides exceptional flexibility for retail, service, mixed-use, or complementary residential-supporting development.
The site is part of a broader **10-acre commercially zoned area** and is located adjacent to a planned commercial project currently in final entitlement on approximately 6 acres to the south at Mountain Street and Lake Street. The approved development includes an approximately 32,000-square-foot retail center with a fuel station, in-line retail buildings, a quick-serve restaurant, and a drive-thru restaurant—further strengthening the area’s long-term growth potential.
This property is **ideal for investors and developers** seeking a value-add opportunity in a high-visibility location with strong residential demand, flexible zoning, and immediate proximity to future commercial anchors.
Exceptional opportunity to acquire a **multi-parcel property totaling approximately 4.5+ acres** in the heart of Lake Elsinore’s expanding residential and commercial corridor. Strategically located on the **northeast corner of Lake Street and Running Deer Road**, the property sits within **2.5 miles of Interstate 15** and is surrounded by high-density residential growth and active commercial development.
The property consists of **two residential/land parcels**:
* A **3.6-acre lot** with an existing manufactured home that may be remodeled for comfortable living or removed to align with future development plans.
* A **0.91-acre lot** featuring multiple existing structures, offering additional flexibility for redevelopment or income-producing improvements.
These parcels are part of a larger commercially zoned footprint totaling approximately 4.5 acres, zoned **C2 General Commercial**, allowing for a wide range of uses permitted under C0, C1, and C2, zoning classifications. This zoning provides exceptional flexibility for retail, service, mixed-use, or complementary residential-supporting development.
The site is part of a broader **10-acre commercially zoned area** and is located adjacent to a planned commercial project currently in final entitlement on approximately 6 acres to the south at Mountain Street and Lake Street. The approved development includes an approximately 32,000-square-foot retail center with a fuel station, in-line retail buildings, a quick-serve restaurant, and a drive-thru restaurant—further strengthening the area’s long-term growth potential.
This property is **ideal for investors and developers** seeking a value-add opportunity in a high-visibility location with strong residential demand, flexible zoning, and immediate proximity to future commercial anchors.
Property Details
Price:
$2,800,000
MLS #:
OC26029361
Status:
Active
Beds:
0
Baths:
0
Type:
Land
Neighborhood:
srcarsouthwestriversidecounty
Listed Date:
Feb 9, 2026
Lot Size:
39,640 sqft / 0.91 acres (approx)
Schools
Interior
Exterior
Community Features
HIKI, BIKI
View
DE
Financial
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Courtesy of Real Estate Source, Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 28857 Lake
Lake Elsinore, CA
