407 Iowa Ave
Riverside, CA 92507
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Great Restaurant Opportunity
EXECUTIVE SUMMARY
This property consist of one parcel located right on Iowa Ave . It has two separate buildings. The first building -407 Iowa Ave-is operating as fast food restaurant (2152sqf). The second building -421 Iowa Ave - has two units (2384sqf). One was a bakery, and the other was a barber shop. The land is all flat and fenced in with one common wall. Total area is 1.74 Acres. This property is ready for an owner operator or an investor to take it to the next level with lots of potential.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,152 SF
Building Class
C
Year Built
1957
Price
$1,750,000
Price Per SF
$813.20
Cap Rate
1.63%
NOI
$28,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.74 AC
Zoning
CP - Commercial
Parking
12 Spaces (5.58 Spaces per 1,000 SF Leased)
Frontage
46’ on Iowa Ave
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 247-081-020 | Improvements Assessment | $226,760 |
| Land Assessment | $199,828 | Total Assessment | $426,588 |
