1651 University Ave | Riverside, CA 92507
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- LoopNet Team
1651 University Ave
Riverside, CA 92507
Absolute Net Citibank · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN lease to investment grade tenant (S&P: "A+")
- Less than 1 mile from the University of California, Riverside with over 26,000 students enrolled
- Extensive development occurring along University Avenue including multifamily, mixed-use and fast food forthcoming
- Successful 47-year historical banking occupancy
- Property sits squarely between the CA-91, CA-60 / I-215 freeways – interchange carries a combined traffic count of over 355,000 VPD
- I-215 corridor is home to some of the primary logistics, manufacturing, and warehousing districts in Southern California
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
5,311 SF
Building Class
B
Year Built
1974
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.76 AC
Zoning
C2 - Commercial
Parking
60 Spaces (11.3 Spaces per 1,000 SF Leased)
Frontage
151’ on University Ave
AMENITIES
- 24 Hour Access
- Banking
- Bus Line
- Security System
- Signage
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 250-170-039 | Improvements Assessment | $1,656,014 |
| Land Assessment | $1,485,691 | Total Assessment | $3,141,705 |
PROPERTY TAXES
Parcel Number
250-170-039
Land Assessment
$1,485,691
Improvements Assessment
$1,656,014
Total Assessment
$3,141,705
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