31502 Riverside, Lake Elsinore, CA, 92530

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$425,000
103 Days On Site

31502 Riverside
Lake Elsinore, CA 92530

For Sale|Business Opportunity|Active
0
Beds
0
Total Baths
1,776
SqFt
$239
/SqFt
1982
Built
County:
Riverside
Listed by Edwin Huber of Century 21 Masters edwin@21stcenturypm.com
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
31502 Riverside31502 Riverside31502 Riverside31502 Riverside
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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 9Seller will consider selling just the business with a 3 year $10,000 NNN lease. 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 $10,000 a month NNN Ringside Bar and Grill to be sold concurrently at $425,000 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

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Listing Snapshot
Price 
$425,000
Days On Site 
103 Days
Bedrooms 
N/A
Inside Area (SqFt) 
1,776 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.33 Acres
Year Built 
1982
MLS® Number 
DW26140816
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 months agoPrice changed to $425,000
3 months agoListing updated with changes from the MLS®
3 months agoListing first seen on site
General Features
Acres 
0.33
Building Features 
TvSystem
SqFt Total 
1776
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Community Features
MLS Area 
SRCAR - Southwest Riverside County
Financing Terms Available 
Cash


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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