![]() ![]() The Stoneman site boasts over 700' of frontage on Stoneman St., and the County has a zoning designation of medium residential housing with an allowable 5-7 du/ac. The subject property lies on the NW corner of Stoneman & Palomar St., adjacent to the Lake Village and Pepper Tree residential communities. SVN Vanguard is pleased to present an 8.6 Acre prime in-fill residential development opportunity in the sunny city of Lake Elsinore, CA. ![]() The project site lies just outside the borders of Lake Elsinore's East Lake Specific Plan (ELSP) and is considered an unincorporated lot within the County of Riverside. The term of the lease is for five years and ends on April 30, 2023, however, Skydive Elsinore has one option to extend the lease for five additional years and holds a first right of refusal for the sale of the property. Skydive Elsinore currently leases approximately 95.5 Acres of the land for $13,000/month with $500 annual increases. The property presents with a runway which is more than 3,000 feet in length and storage grounds for multiple small aircraft. The property itself encompasses Lake Elsinore Airport and Skydive Elsinore which occupy several small manufactured structures. The property currently lies within the Lake Elsinore 100 year flood plain. To the North, West, and South the property is surrounded by vacant land. To the East of the property are several small industrial buildings as well as a self storage facility on Corydon Rd. This location is less than two miles from I-15 at Bundy Canyon and 2 ½ miles from I-15 via Diamond Drive. The property is situated just West of Interstate 15 near the corner of Corydon Rd and Cereal St and has approximately 2/3 of a mile of frontage to Cereal St. The subject property is located in Lake Elsinore, California and consists of a total of 150.52 Acres. ![]()
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