November 21, 2009
 
 
Historical Antique Store With Real Estate  •  $1,750,000

Location: Lake Elsinore
Seller: Joe Landin
Phone: 951-277-4002
 
 
About This Business
BizBen Ad #: 139885
Status: Available
Start Date: 9/17/09
Last Revised: 12/31/69
Location: Lake Elsinore
County: Riverside
City: Lake Elsinore
Contact Information
Seller or Contact: Joe Landin
Primary Phone: 951-277-4002
Alternate Phone: Not Provided
Email: j.atchison@sunbeltnetwork.com
 
 
Financial Information
Asking Price: $1,750,000
Down Payment: $Negotiable
Annual Cash Flow: Call/Email
Annual Revenue: Call/Email
Detailed Information
Franchise: No
Relocatable: No
Home Based: No
Real Estate Included: Yes
Broker To Broker Cooperation: Call
 
 
Business Summary
Historical Antique Store With Property

Historical Landmark In The Heart Of Southwest Riverside County Now Available. This Classic Antique Store With Income Property Is Located In A Refurbished Period Building Constructed Mainly Of Redwood. The
6073 Sq. Ft. 2-Story Building Was Once The Famous Crescent Bath House Frequented By The Rich And Famous Including Former President Grover Cleveland Who Bathed In The 120 Degree/F Plus Sulphur Hot Springs Which Still Flow.

The Second Story Is A Complete Apartment And Parlor That Can Be Rented Out Or Used By The Owner. Extended Out From The Main Building Is A Long Hallway With Individual Rooms On One Side Formerly Used For Soaking In The Healing Waters Of The Sulphur Springs. The Rooms Are Currently Used For Antique Displays, But Could Be Converted Back To Hot Tubs Or Rented Out In Conjunction With The Antique Store.

At The End Of The Hallway Is A Large Room Approximately 680 Sq. Ft. Leased Out To A Catering Company That Promotes Itself Locally As A Victorian Period “Tea Room” And Stays Very Busy.

The Antique Store Retails Quality Period Items Owned By This Seller And Consignors. Adjacent To The Main Building Is Property Of Approximately 1.7 Acres Leased To A Retail Business.

Original Building, Now Updated And Structurally Improved, Was Built In 1887 And Was Declared An Historical Landmark In 1977 By The State Of California.

The Building Encompasses A Total Of 6073 Sq. Ft. Including The Hallway And Tea Room. The Total Property Footprint Includes An Additional 1.9 Acres On Which Is Situated The Adjacent Retail Business And An 1870’s Era Farm House. This Property Lends Itself To An Expanded Antique Store, Spa, Hot Springs Bath Or Whatever The Creative Buyer Envisions. Ideal Candidate For A 1031 Exchange.