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6490 Magnolia Ave 2,200 SF Retail Building Riverside, CA 92506 $2,750,000 ($1,250/SF)
INVESTMENT HIGHLIGHTS
- Restaurant Building in Prime area
EXECUTIVE SUMMARY
Prime Magnolia corner location with excellent visibility and signage on one of
Riverside’s most traveled corridors, carrying approximately 15,000 to 23,000 vehicles
per day. And median household income above $120K. Near Riverside City College with
over 20,000 students, Riverside Community Hospital with 540 beds, and Riverside Plaza,
a popular open-air retail hub. Proven QSR location currently has been operated by
Alibertos Jr. Fresh Mexican Food. It’s ideal for fast-casual coffee, donut shop, your
restaurant concept, even pandura.
Demographics & location highlights:
Strong demographics within a 5-mile radius including approximately 275,000 residents,
79,000 households, and a median household income of around $86K.
It’s prices below-replacement cost, “rare to find”.
Magnolia Avenue is Riverside’s premier arterial connecting downtown, Riverside Plaza,
and SR-91.
Riverside’s most traveled corridors, carrying approximately 15,000 to 23,000 vehicles
per day. And median household income above $120K. Near Riverside City College with
over 20,000 students, Riverside Community Hospital with 540 beds, and Riverside Plaza,
a popular open-air retail hub. Proven QSR location currently has been operated by
Alibertos Jr. Fresh Mexican Food. It’s ideal for fast-casual coffee, donut shop, your
restaurant concept, even pandura.
Demographics & location highlights:
Strong demographics within a 5-mile radius including approximately 275,000 residents,
79,000 households, and a median household income of around $86K.
It’s prices below-replacement cost, “rare to find”.
Magnolia Avenue is Riverside’s premier arterial connecting downtown, Riverside Plaza,
and SR-91.
DATA ROOM Click Here to Access
- Market Information
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,200 SF
Building Class
B
Year Built
1990
Price
$2,750,000
Price Per SF
$1,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.39 AC
Zoning
D, Riverside
Parking
20 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 225-122-005 | Improvements Assessment | $331,741 |
| Land Assessment | $473,921 | Total Assessment | $805,662 |
PROPERTY TAXES
Parcel Number
225-122-005
Land Assessment
$473,921
Improvements Assessment
$331,741
Total Assessment
$805,662
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6490 Magnolia Ave
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