1-215 Freeway and Railway Frontage lot with 10.52 ACRES of Commercial land in the center of the City of Riverside. This property is currently being used as agricultural nursery. This land can be ideal to produce high value plants or mushrooms. There is a high volume production water well. The sale includes 2 parcels numbers 219-124-010 and 219-191-002. The county has re-zoned for PF (Public Facilities). Zoned for public facilities ( Public Governmental Buildings, Public Educational Institutions, Water Treatment Plants, Utility Substation, Power Generation Facilities, Government Storage & Maintenance Facilities, Public Parking, Garages, Park, Stadium, Zoo, Shooting Range, Other Facilities) check with city and county of Riverside. SEE ATTACHED SUPPLEMENT. Other Commercial Land, Agricultural Land and Industrial Land use possible subject to county and city approval.
MUST SELL - WED AUG 26th 11-3 pm Refreshments-Write offer_ best offer/terms over $600K Takes property!!! A-1 ZONING. 1.03 acres. /5 Comm. spaces potential rents PLUS SFR 3/2 2 Car Garage (1766 SQFT)- RV parking. Value Add Opportunity/ Investors or Owner- User w/rental income potential VACANT: Offices, Kitchen, School,Studio-Meeting/Banquet Hall area- Some Retail uses.Signage- Auto/equipment related activities possible. Parking 40+ vehicles 1243 SQ FT +/- Large studio/office/warehouse retail adj to-Kitchen 315 SQ FT Restrooms (shared). Private entry. RR.90/Monthly- $1710 Office #1 340 SQ FT +/- with 10x 10 reception area. Private entry. Restrooms (shared). A/C. Rental: .80/Monthly potential $480 Office #2 300 SQ FT +/- w/ x-lg storage: .80 /Monthly potential $440 Office #3 400 SQ FT+/- Private entry /restrooms (shared). A/C. Rental R: .80/Monthly potential $400 Office #4 200 SQ FT +/-Private entry/ bright./ $300 Monthly rental potential Industrial Garage 1188 SQ FT +/- Hydraulic lift / hi ceilings, upgraded electrical. Side yard, X-LRG storage. Fenced/gate- Rental rate potential: $2000 Monthly
Approved tentative tract (32362) map subdivision of 23.98 acres into nineteen ½ acre residential lots. Minimum lot size 20,000 square feet (net) and eight acres of open space and one remainder lot of 2.10 acres. The grading plans have been previously approved; the storm drain, sewer, water and street improvement plans have been thru 3 plan checks each. This project is almost ready to record..
Appx.5.2% Cap rate on Retail Strip Center. Tina's Mexican Restaurant has a new 5 year lease with 5 year option, they have been there over 10 years. Smoke shop has a new 10 year lease. Hair Salon has a new 5 year lease with (2) 5 year options. Owner replace roof appx. 2 years ago and replaced HVAC over Unit # C, appx. 2 years ago. All tenants responsible for their own HVAC units. Located close to downtown Riverside and UCR. Very busy street, great location, many improvements in surrounding area. Call Cherie for more information # 951-333-4663.
Faris Lee Investments is pleased to offer for sale the fee simple interest (land & building) in a corporate guaranteed, freestanding, single tenant, NNN leased, SmileCare Dental, located across from the Galleria at Tyler Mall, fronting the 91 Freeway in Riverside, CA. The tenant, Community Dental Services, Inc., dba SmileCare Dental, has approximately 2 years remaining in the current term. The lease features 3.5% rental increases each year throughout the initial term and rental increases at fair market value at the beginning of each 2(5-year) option periods, which generates steady NOI growth and hedges against inflation. The lease is NNN and tenant pays taxes, insurance and CAM, while landlord maintains roof and structure.
The property is located in a residential area about 2 miles east of the 60 Fwy and near University of California, Riverside (UCR). APN: 251-120-010, 251-130-009, 010
2 lots are included in this sale. APN #280-270-011 is 30,056 sq ft.APN #280-270-012 is 40,607 sq ft. Together they total 1.62 acres. Approximately 200 feet of frontage on Van Buren Blvd (Major Artery leading to Moreno Valley, Hemet & Temecula). This is a fast developing area for retail and food service. Sewer placement, Signalized Access and easements are being negotiated with adjoining neighbors. Adjoining neighbors are Bakers Restaurant & Del Taco.
Price reduced from $3,800,000 to $2,900,000 to $2,490,000 and to $1,950,000. The price includes land and permit, but not including pull permit fee. Project is designed for 18,000 S.F. Building , and includes a 4 unit food court restaurants on the first floor (total 9,000 S.F.) and an office building on second floor (Total 9,000 S.F. total 8 units). It is close to a Rite Aid, Big Saver supermarket, AT & T, Dollar Tree, Food 4 Less, post office, Hollywood Video, Kragen Auto Parts, and a Bank of America.
THESE STORES DON'T COME UP EVERYDAY 3500 SQ. FT. MARKET THAT GROSSES OVER $175,000.00 MONTH WITH AN EXCELLENT LONG TERM LEASE NOW PAYING ONLY $7,500.00 MONTH VERY LOW OVERHEAD FOR A STORE DOING THESE SALES. HAS BEEN ESTABLISH FOR MANY YEARS. YOU DON'T HAVE TO WORRY ABOUT A NEW HISPANIC MARKET COMING IN THERE IS NO MORE ROOM. SELLS MEAT, PRODUCE, GROCERIES, BEER & WINE & MORE MY DRE # IS 00943174
RECORDED TRACT MAP...CAN START OFF-SITE & GRADING IMPROVEMENTS TOMORROW!! ATTENTION DEVELOPERS...a unique opportunity awaits you....Sorrento Hills Estates consists of forty-six 5-acre lots and is the City of Riverside's only gated equestrian development. FOR SALE are 10 lots in Phase 1/POD 1 with street improvement plans, water plans, and grading plans completed for these lots. Off site & on site improvements plus rough grading for this phase have been bid out at an estimated cost of $175k per lot and some of these costs will be divided by the different PODS. Owners of this phase have indicated an interest in carrying a note and/or entering into a partnership agreement for the right buyer. The price and terms are negotiable. The tract map is divided into 2 phases and then further divided into PODS. Each POD can be developed separately with the caveat that Phase 1 / POD 1 be developed first before the other POD' s. The remainder of the tract can be developed on a POD by POD basis. Don't like the fact that you can only get 10 lots?? Very good possibility to option up to 20 additional lots in tract.