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$1,400,000 Just Listed
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Property Description
Investment opportunity in the heart of Canyon Lake! Located at 31582 Railroad Canyon Road within Canyon Lake's primary commercial corridor, this approximately 2,500 square foot commercial property offers an excellent combination of location, visibility and established tenancy. The property is configured as two commercial units and is currently 100% occupied, providing immediate in-place income for an investor. Public business listings currently associate the address with Canyon Car Company as well as Canyon Lake Smoke & Vape Shop, demonstrating the property's established commercial use. Positioned along highly traveled Railroad Canyon Road, the property benefits from convenient access, ample surrounding parking and close proximity to the gated Canyon Lake community and surrounding residential neighborhoods. The property was built in 2012 and offers approximately 2,500 square feet of commercial space. With established tenants, current cash flow and a desirable Canyon Lake location, 31582 Railroad Canyon Road presents an attractive opportunity for an investor seeking a fully leased commercial asset in Southwest Riverside County.
Full Property Details
Full Property Details for 31582 Railroad Canyon Rd
General
- Price: $1,400,000
- Status: Active
- Type: Office
- Source: MRMLS
- MLS ID: SW26170153
- Updated: 9/15/2026
- Days on Market: 1 days
- Added to Site: 1 day(s) ago
Rooms
Other Rooms
- Laundry: None
Location
- County: Riverside
- Driving Directions: Located in the Canyon Lake Town Center
Heating & Cooling
- Heating Type: Central
Structural Information
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 2316
- Square Feet: 2,316
- Year Built: 2010
Lot Features
- Lot Size (Acres): 0.06
- Useable Acres: .06
- Lot Size (Sq. Ft.): 2,614
- Lot Size Source: Assessor
- Lot Features: No Landscaping, Lot 10000-19999 Sqft
- Lot Description: No Landscaping, Lot 10000-19999 Sqft
Financial Considerations
- Price Per Sq. Ft.: $604
Disclosures and Reports
- Property ID: 355310018
Listed by Coldwell Banker Assoc.Brks-CL, KrisHansen
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Schools
Schools serving 31582 Railroad Canyon Rd
School District:Lake Elsinore Unified School District
| Name | Grades | Distance |
|---|---|---|
Cottonwood Canyon Elementary School 32100 Lost Road, Lake Elsinore, CA 92532 | K-5 | 0.9 mi |
Canyon Lake Middle School 33005 Canyon Hills Road, Lake Elsinore, CA 92532 | 6-8 | 0.7 mi |
Temescal Canyon High School 28755 El Toro Road, Lake Elsinore, CA 92532 | 9-12 | 5.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 31582 Railroad Canyon Rd
Date
Details
Price
Change
Source
9/15/2026
Listed
$1,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 31582 Railroad Canyon Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,644
—
$156,043
2%
2025
$1,644
5%
$152,984
2%
2024
$1,570
1%
$149,986
2%
2023
$1,550
2%
$147,046
2%
2022
$1,520
2%
$144,163
2%
2021
$1,491
1%
$141,337
1%
2020
$1,476
2%
$139,888
2%
2019
$1,447
2%
$137,146
2%
2018
$1,419
2%
$134,458
2%
2017
$1,392
4%
$131,822
2%
2016
$1,340
1%
$129,239
2%
2015
$1,326
-1%
$127,299
2%
2014
$1,335
—
$124,808
—
2013
$1,329
—
$124,246
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 31582 Railroad Canyon Rd
31582 Railroad Canyon Road, Canyon Lake, CA 92587 (MLS# SW26170153) is a Office property. 31582 Railroad Canyon Road is currently listed for $1,400,000 and was received on September 15, 2026. Want to learn more about 31582 Railroad Canyon Road? Do you have questions about finding other Office real estate for sale in Canyon Lake? You can browse all Canyon Lake real estate or contact a Coldwell Banker agent to request more information.

