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2006 Railroad Ave1 / 10 · Click to zoom

About this home

Commercial/Residential Zoned Property with Dual Street Entrances! Sitting on over half an acre, this highly visible, flat lot features rare dual property entrances with frontage on East Lakeshore Drive and a secondary pull-through access point on Elm Street. The property includes an approx. 950 sq. ft. building designed with two independent exterior entrances, making it incredibly adaptable. Inside, the versatile layout features two front rooms ideal for offices or bedrooms, while the rear section provides an additional private room or office. Previously a car dealership, the expansive lot and high traffic location are proven winners for business. With flexible mixed-use zoning, this is an unmatched opportunity for business owners seeking a live/work setup. This lot is ready for COMMERCIAL occupancy, RESIDENTIAL occupancy, or BOTH! (Buyer / Tenant to verify all zoning and permitted uses).

🏠 HomeFax

Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk
🏷 Last sold$490,000 · May 2025
📋 Assessed value$490,000
💵 Annual tax$2,018
🏫 School districtLake Elsinore Unified School District

MLS #PW26139707MR

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone
🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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Estimated total monthly payment
$4,448
Principal & interest$3,590
Property tax$651
Home insurance$207
Down payment: $142,000Loan: $568,000

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.