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3239 Chicago Ave 2,400 SF Retail Building Riverside, CA 92507 $780,000 ($325/SF)
INVESTMENT HIGHLIGHTS
- Two-unit configuration with income stream and vacancy for immediate occupancy
- Strategic location near 215 Freeway and major Riverside thoroughfares
- Excellent owner-user opportunity with BMP zoning flexibility
- Secured paved yard and block construction for durability and security
- Strong surrounding demographics with high household income and growth projections
EXECUTIVE SUMMARY
This ±2,400 SF office building offers a prime owner-user opportunity in Riverside’s dynamic business corridor. Situated at Chicago Avenue and Third Street, the property features block construction, a paved and secured yard, and prominent pylon signage for maximum visibility. The building is divided into two units: one vacant and one leased on a month-to-month basis, generating $1,200/month in gross income. With BMP zoning and an APN of 210-172-024, this asset provides flexibility for professional office use and potential future customization.
The location benefits from immediate access to the 215 Freeway, ensuring excellent connectivity throughout the Inland Empire. Surrounding demographics are strong, with an average household income exceeding $108,000 within a 3-mile radius and a projected population growth to over 227,000 within five miles by 2030. This property’s secured yard and signage make it ideal for businesses seeking visibility and convenience in a thriving commercial hub.
The location benefits from immediate access to the 215 Freeway, ensuring excellent connectivity throughout the Inland Empire. Surrounding demographics are strong, with an average household income exceeding $108,000 within a 3-mile radius and a projected population growth to over 227,000 within five miles by 2030. This property’s secured yard and signage make it ideal for businesses seeking visibility and convenience in a thriving commercial hub.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
C
Year Built
1961
Price
$780,000
Price Per SF
$325
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.22 AC
Opportunity Zone
Yes
Zoning
BMP
Parking
8 Spaces (3.33 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Pylon Sign
- Signage
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 210-172-024 | Improvements Assessment | $130,134 |
| Land Assessment | $109,075 | Total Assessment | $239,209 |
PROPERTY TAXES
Parcel Number
210-172-024
Land Assessment
$109,075
Improvements Assessment
$130,134
Total Assessment
$239,209
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3239 Chicago Ave
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