516 N. Main St

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516 N. Main St

lake-elsinore, CA 92530
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

516 N. Main St is located in the historic downtown district of Lake Elsinore, California. The neighborhood features a mix of traditional storefronts, municipal offices, and local dining establishments, reflecting a classic Main Street character. The property is situated near the Lake Elsinore City Hall and is a short distance from the recreational areas surrounding the lake. It offers convenient access to Highway 74 and Interstate 15, providing connectivity to the broader Inland Empire region and nearby residential communities. The property is suited for a variety of retail applications, including boutique shops, service-oriented businesses, or small-scale showrooms. The layout and central location support tenants seeking high pedestrian visibility and a community-focused atmosphere. Typical occupants for this asset type in the downtown corridor include independent retailers, specialty food and beverage operators, and professional service providers aiming to establish a presence within the city’s primary commercial hub.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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