**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 restaurantfurther strengthening the areas long term growth potential. This property is **ideal for investors and developers** seeking a value add opportunity in a high visibility location with strong residential demand, flexible zoning, and immediate proximity to future commercial anchors.