Ortega Hwy & Grand Ave Lot 5, Lake Elsinore, CA 92530 For Sale

LOT 5 – Approved Mixed-Use Retail & Apartment Pad at Ortega Hwy & Grand Ave, Lake Elsinore, California presents a rare opportunity to acquire an entitled fee-simple mixed-use development pad within one of Southern California’s most strategic gateway corridors. Positioned as the centerpiece of the 12.54-acre master-planned project, this ±1.35-acre site is approved for approximately 23,000 SF of ground-floor retail and 14 second-story apartment units totaling approximately 20,000 SF, for roughly 43,000 SF of total development. Designed for strong dual-income potential, the project combines high-visibility retail frontage with built-in residential demand above—creating a dynamic live-work environment that supports both tenant performance and long-term value. The site offers exceptional exposure along SR-74 and Grand Ave, with traffic counts of approximately 50,000+ vehicles per day and access to a 5-mile population base exceeding 90,000 residents. Ideal for grocery, fitness, pharmacy, food-and-beverage, and multifamily operators, this approved mixed-use pad benefits from a powerful “last-exit” location between Riverside and Orange County. Asking price: $7,500,000.