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9041 Magnolia Ave - Magnolia Medical Center 918 SF Medical Condo Unit Offered at $299,000 in Riverside, CA 92503
Executive Summary
Medical office condominium available for sale in a well-located medical building directly across from Parkview Hospital. This approximately 900-square-foot condo offers an excellent opportunity for physicians, dentists, therapists, and other medical or healthcare professionals looking to own their office space and build equity rather than continue leasing. The unit is currently used as a professional office and features a flexible, open layout that can be readily configured or converted for medical use to meet the buyer’s specific needs. The condo is in good condition and provides a strong foundation for an owner-user seeking to customize a space for their practice. The medical building offers ample parking and ADA-accessible access, making it convenient for both patients and staff. Its location directly across from Parkview Hospital provides added visibility and convenience for healthcare-related users. Highlights include: Approximately 900 square feet Located in an established medical building Directly across from Parkview Hospital Ideal for physicians and other medical professionals Opportunity to own and build equity instead of leasing Currently configured as professional office space Open layout offering flexibility for conversion to medical use Plenty of patient and staff parking ADA-accessible building Condo in good condition Buyer and buyer’s representatives are advised to independently verify all information, including but not limited to square footage, permitted uses, zoning, parking, HOA information, building requirements, and suitability for buyer’s intended use. All marketing information is provided for informational purposes only and is not guaranteed.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Owner User | APN/Parcel ID | 193-223-001 |
| Sale Type | Owner User |
| APN/Parcel ID | 193-223-001 |
The unit is currently used as a professional office and features a flexible, open layout that can be readily configured or converted for medical use to meet the buyer’s specific needs. The condo is in good condition and provides a strong foundation for an owner-user seeking to customize a space for their practice.
The medical building offers ample parking and ADA-accessible access, making it convenient for both patients and staff. Its location directly across from Parkview Hospital provides added visibility and convenience for healthcare-related users.
Highlights include:
Approximately 900 square feet
Located in an established medical building
Directly across from Parkview Hospital
Ideal for physicians and other medical professionals
Opportunity to own and build equity instead of leasing
Currently configured as professional office space
Open layout offering flexibility for conversion to medical use
Plenty of patient and staff parking
ADA-accessible building
Condo in good condition
Buyer and buyer’s representatives are advised to independently verify all information, including but not limited to square footage, permitted uses, zoning, parking, HOA information, building requirements, and suitability for buyer’s intended use. All marketing information is provided for informational purposes only and is not guaranteed.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 001 | 918 SF | Medical | $299,000 ($325.71/SF) | - |
Unit 001
| Unit Size |
| 918 SF |
| Condo Use |
| Medical |
| Price |
| $299,000 ($325.71/SF) |
| NOI |
| - |
Unit 001
| Unit Size | 918 SF |
| Condo Use | Medical |
| Price | $299,000 ($325.71/SF) |
| NOI | - |
| Sale Type | Owner User |
| APN/Parcel ID | 193-223-001 |
| Description | |
| Medical office condominium available for sale in a well-located medical building directly across from Parkview Hospital. This approximately 900-square-foot condo offers an excellent opportunity for physicians, dentists, therapists, and other medical or healthcare professionals looking to own their office space and build equity rather than continue leasing.<br> <br> The unit is currently used as a professional office and features a flexible, open layout that can be readily configured or converted for medical use to meet the buyer’s specific needs. The condo is in good condition and provides a strong foundation for an owner-user seeking to customize a space for their practice.<br> <br> The medical building offers ample parking and ADA-accessible access, making it convenient for both patients and staff. Its location directly across from Parkview Hospital provides added visibility and convenience for healthcare-related users.<br> <br> Highlights include:<br> <br> Approximately 900 square feet<br> Located in an established medical building<br> Directly across from Parkview Hospital<br> Ideal for physicians and other medical professionals<br> Opportunity to own and build equity instead of leasing<br> Currently configured as professional office space<br> Open layout offering flexibility for conversion to medical use<br> Plenty of patient and staff parking<br> ADA-accessible building<br> Condo in good condition<br> <br> Buyer and buyer’s representatives are advised to independently verify all information, including but not limited to square footage, permitted uses, zoning, parking, HOA information, building requirements, and suitability for buyer’s intended use. All marketing information is provided for informational purposes only and is not guaranteed.</li></ul> |
Property Facts
| Total Building Size | 51,900 SF | Typical Floor Size | 1,835 SF |
| Property Type | Office (Condo) | Year Built | 1988 |
| Property Subtype | Medical | Lot Size | 2.48 AC |
| Building Class | B | Parking Ratio | 10/1,000 SF |
| Floors | 3 | ||
| Zoning | O - Office/Medical | ||
| Total Building Size | 51,900 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 1,835 SF |
| Year Built | 1988 |
| Lot Size | 2.48 AC |
| Parking Ratio | 10/1,000 SF |
| Zoning | O - Office/Medical |
Amenities
- Signage
- Wheelchair Accessible
- Reception
- Air Conditioning
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Parkview Community Hospital-Urgent Care |
-
|
December 2011
|
| Western Bariatric, Inc. |
-
|
February 2018
|
Contact the Sale Advisor
9041 Magnolia Ave - Magnolia Medical Center