31524 Railroad Canyon Rd., Canyon Lake, CA 92587

FOR SALE
  • $699,000
  • 269 Days on site
  • Beds: n/a
  • Baths: n/a
  • Commercial Building

Description

Well maintained, multi-unit commercial space in the Canyon Lake Towne Center. Prime location next to the Chamber of Commerce, POA, and Police Department. Currently divided into 6 rental spaces with a 20year plus long term frontage tenant. All units have private bathrooms and off street entrances. New exterior paint and Newer Atlas Foam roof. Units current market rental value is $1. 25-$1. 30 per sqft. (As of 3/16) Current property rental rates are below market value at a average of $1. 10 per sqft. (range from $. 86-$1. 54) This is a great opportunity to increase the income potential.
 Current yearly gross income $48,732.
 Potential (at $1. 27persqft) $59,329.
 Current tenants include:
 Focus Financial (leased until 9/1/16), Carmen Morin Party planning(leased until 9/1/16), Headliners hair salon(leased until 9/1/16), Harrison Development(leased until 5/1/16. This tenant rents both unit 4 and 5), and Easy Driving Inc.(leased until 9/1/17)
 
 *other yearly cost of $1910 is the POA lot assesment tax. This covers the common area grounds and parking lot of the canyon lake town center.

  • MLS ID# SW16049498
  • Year Built: 1978
  • 269 Days on site
  • Commercial Building
  • Beds: n/a
  • Baths: n/a

Listing Details

Lot Size
Approximately 104x36
Tax Amount
$3,116
Tax Year
2015

Local Info

Population
16,198
Median Household Income
$70,411
Median Years In Residence
7
Median Homeowner Age
37
Households with Children
48.27%
Percent of Homes Rented
14.51%

Nearby Elementary Schools

32100 Lost Rd
34257 Kalanchoe Rd
23757 Canyon Heights Dr

Nearby Middle Schools

31542 Railroad Canyon Rd Ste 4
33005 Canyon Hills Rd
26255 Garbani Rd

Nearby High Schools

31542 Railroad Canyon Rd Ste 4
31375 Bradley Rd
21800 Canyon Dr

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Property Contact Info

Listing Provided By: Heather Carroll Homes
(951) 452-6654
Listing Agent: Susan Carroll

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