9741 Magnolia Avenue, Riverside

$3,000,000

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0 Bed
0 Bath
.56 Acre
0 Garage

Are you looking for a building in a mature commercial area that maximize your long term investment potential while utilize 13,250 sqft building to run your own business or even rent out in Riverside? Look no more. Your opportunity is here. Free standing, one story building, in corner lot of busiest popular Magnolia street offer 24,394sqft lot size. Excellent exposure for your business due to its good location, nearby regional retailers (Starbuck, Walmart Shopping Center, Lowe"s Plaza, Galleria at Tyler Mall, and fast food restaurants (sonic drive through, McDonald's, or In & Out), easily accessible to corner lot, conveniently to Pedley Metrolink, closer to 91 freeway. The building offer upgrade security parking gate, 1 truck loading roll up door, a warehouse, 1 office and front waiting space area, 2 restrooms, high visible signage. You can access building from both sides (front and rear), many parking spaces on the back parking lot. Per city of Riverside, the zoning has changed to Mixed Use Zones (Neighborhood village Urban) that offer many more extra options for your future development while occupying the building for your own business, rent out, or develop into new opportunity for the Riverside area like group housing (convalescent Homes, SRO's, Alcohol and Drug Treatment Facilities, 6 or fewer occupants etc), hotel, motel, or Hotel/Motel-long term stay with conditional permit per Planning department in Riverside City. Buyer and agents responsible for due all diligent. Listing broker and seller does not responsible for the accuracy of sqft of building, lot size. Sale "AS IS". Information deem to be reliable but not guaranteed.

Essential Information

MLS® #
WS23219275
Price
$3,000,000
Bathrooms
0.00
Acres
0.56
Year Built
1978
Type
Commercial Sale
Sub-Type
Retail
Status
Active

Community Information

Address
9741 Magnolia Avenue
Area
252 - Riverside
City
Riverside
County
Riverside
Zip Code
92503
Senior Community
N

Interior

Heating
None
# of Stories
1

Lot Description

Corner Lot, Back Yard, Flag Lot, Paved

Additional Information

Date Listed
November 30th, 2023
Days on Market
148

Listing Details

Agent
Lan Tran
Office
1 STOP REALTY LLC

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Based on information from California Regional Multiple Listing Service, Inc. as of April 27th, 2024 at 10:30am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.