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9518 Magnolia Ave
Riverside, CA 92503
Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,550 SF
Building Class
C
Year Built
1918
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.59 AC
Zoning
CLD - Retail Trade
Parking
12 Spaces (1.4 Spaces per 1,000 SF Leased)
Frontage
74’ on Magnolia Ave
Amenities
- Mezzanine
- Storage Space
About 9518 MAGNOLIA AVE , RIVERSIDE, CA 92503
Auto Parts, NN leased - 35 years same location Established auto parts store on the busiest intersection in Riverside. Current rent is $9,499 / mo. NN. lessor only pays insurance. Unique property in the utility value to the tenant. Combines high parking ratio and heavy traffic street location. 2 privately owned parking lots for delivery fleet and customers. $500K monthly in sales. Cap rate includes 3% vacancy and 3% reserves for replacements. SW corner (2 doors off corner) of Magnolia and Van Buren
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,136,686 | |
| Land Assessment | $366,375 | Total Assessment | $1,503,061 |
Property Taxes
Parcel Numbers
Land Assessment
$366,375
Improvements Assessment
$1,136,686
Total Assessment
$1,503,061
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