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$ 379,000
Est. payment /mo
New
31502 Riverside Lake Elsinore, CA 92530
0.33 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26140816
HOA Y/N No
Year Built 1982
Lot Size 0.330 Acres
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 Business must be purchased in conjunction with the Real Estate, which is offered separately at $1,759,000. 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
Fireplace No
Others
Tax ID 379191029
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Listed by Edwin Huber Century 21 Masters 562-419-4942, DRE #01314032