28857 Lake, Lake Elsinore, CA

$2,600,000

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4.50

Acres

About 28857 Lake

**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 Elsinores 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

Features of 28857 Lake

MLS® # OC26029361
Price $2,600,000
Acres 4.50
Type Land
Sub-Type Lots/Land
Status Active

Community Information

Address 28857 Lake
Area RIV CTY-LAKE ELSINORE (92530)
City Lake Elsinore
County Riverside
State CA
Zip Code 92530

Amenities

Is Waterfront No
Has Pool Yes

Interior

Fireplace Yes

Additional Information

Date Listed February 9th, 2026
Days on Market 178
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeReal Estate Source, Inc

Listing Map

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