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$ 1,759,000
Est. payment /mo
New
31502 Riverside Lake Elsinore, CA 92530
0.33 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26140807
HOA Y/N No
Year Built 1982
Lot Size 0.330 Acres
Property Sub-Type Retail
Property Description
Acquire a rare opportunity to own both the real estate and the established Ringside Bar & Grill in the growing community of Lake Elsinore, California. The real estate must be purchased in conjunction with the business, which is offered separately at $379,000. The business generates gross annual sales exceeding $1,000,000, making this an outstanding opportunity for an owner-user seeking an established, turnkey operation.
The property features a 2,776-square-foot freestanding building that underwent extensive renovations in 2022, creating a modern, attractive, and welcoming environment for patrons. Originally constructed in 1982, the property has been thoughtfully updated and is well-positioned for continued success.
Ideally located in the vibrant Lake Elsinore market and zoned CP (Commercial Professional), the property offers excellent visibility, accessibility, and long-term growth potential. Whether you are an experienced restaurateur looking to expand or an entrepreneur seeking to own your own business and real estate, this offering provides a unique opportunity to acquire a thriving business and a strategically located commercial property in one transaction.
2,776 SF building with an additional 800 SF covered patio
Built in 1982 Renovated in 2022
Zoned CP
Located on Ortega Hwy just as you come into Lake Elsinor.
Cap Rate is based on Market rent of $12,000 a month NNN
Ringside Bar and Grill to be sold concurrently at $379,000
Includes a Type 48 liquor license
Seats 99 persons
10 beer taps, and 3 wells behind the bar
Touchtunes jukebox
Multuple Samsung Smart TVs
Sound system with DJ set up
Flat top grill
Two fryers
Pizza Oven
The property features a 2,776-square-foot freestanding building that underwent extensive renovations in 2022, creating a modern, attractive, and welcoming environment for patrons. Originally constructed in 1982, the property has been thoughtfully updated and is well-positioned for continued success.
Ideally located in the vibrant Lake Elsinore market and zoned CP (Commercial Professional), the property offers excellent visibility, accessibility, and long-term growth potential. Whether you are an experienced restaurateur looking to expand or an entrepreneur seeking to own your own business and real estate, this offering provides a unique opportunity to acquire a thriving business and a strategically located commercial property in one transaction.
2,776 SF building with an additional 800 SF covered patio
Built in 1982 Renovated in 2022
Zoned CP
Located on Ortega Hwy just as you come into Lake Elsinor.
Cap Rate is based on Market rent of $12,000 a month NNN
Ringside Bar and Grill to be sold concurrently at $379,000
Includes a Type 48 liquor license
Seats 99 persons
10 beer taps, and 3 wells behind the bar
Touchtunes jukebox
Multuple Samsung Smart TVs
Sound system with DJ set up
Flat top grill
Two fryers
Pizza Oven
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Fence Excellent Condition
Roof Type Flat
Building
Lot Description 0-1 Unit/Acre, Corner Lot
Story 1
Water Public
Others
Tax ID 379191029
Security Features Security System
Acceptable Financing Cash to New Loan, Owner May Carry
Listing Terms Cash to New Loan, Owner May Carry
Special Listing Condition Standard
Listed by Edwin Huber Century 21 Masters 562-419-4942, DRE #01314032