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Executive Summary
Excellent opportunity to own a freestanding commercial building on a corner lot in Riverside, currently configured as a salon. The approximately 1,200 SF property will be delivered vacant at close of escrow and includes existing salon furnishings, fixtures, and equipment, offering a turnkey opportunity for salon, barber, beauty, wellness, or other service-based businesses. Recent improvements include new electrical wiring, a new water heater, two split AC units, and new porcelain tile flooring throughout. The property also features a private parking lot with seven parking spaces, including one ADA-accessible space and two EV charging stations. Ideally situated in a high-traffic area, this central location offers excellent visibility and accessibility, just minutes from Downtown Riverside and UC Riverside. Avoid the time and expense of a full buildout and customize the space to suit your needs. With CPS zoning, strong street presence, and potential for a variety of business uses, this property presents an exceptional opportunity for an owner-user or investor. Buyer to verify all permitted uses with the City.
Property Facts
Sale Type
Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,203 SF
Building Class
C
Year Built
1965
Price
$499,000
Price Per SF
$414.80
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.09 AC
Zoning
CP
Parking
7 Spaces (5.82 Spaces per 1,000 SF Leased)
Frontage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 247-082-001 | Improvements Assessment | $216,485 |
| Land Assessment | $64,945 | Total Assessment | $281,430 |
Property Taxes
Parcel Number
247-082-001
Land Assessment
$64,945
Improvements Assessment
$216,485
Total Assessment
$281,430
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