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9571 Magnolia Ave
Riverside, CA 92503
MOTIVATED SELLER-6.6% CAP-FULLY LEASED RETAIL · Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Storefront
Building Size
10,500 SF
Building Class
C
Year Built
1968
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.79
Lot Size
0.30 AC
Zoning
CLD, Riverside - Down town Arlington Mixed Use Retail
Parking
6 Spaces (0.57 Spaces per 1,000 SF Leased)
Frontage
126’ on Magnolia Ave

Amenities

  • Bus Line
  • Signage
  • Skylights
  • Tenant Controlled HVAC
  • Air Conditioning

About 9571 MAGNOLIA AVE , RIVERSIDE, CA 92503

HIGH TRAFFIC LOCATION • The subject property is located in a dense, infill area, near the highest trafficked intersection of Van Buren Boulevard and Magnolia Avenue in Riverside with nearly 67,000 cars per day • The on/off ramp access with the 91 Freeway at Van Buren Blvd provides easy access to the subject property and surrounding areas RETAIL SYNERGY • The subject property benefits from adjacent national/regional tenants including Sonic drive-thru restaurant, 7-Eleven, Wienerschnitzel, Pizza Hut, 99 Cents Only, Lowe’s, O’Reilly Auto Parts, Jamba Juice, Panda Express, Cold Stone Creamery, Popeye’s Chicken, Family Dollar, Stater Bros and more. STRONG DEMOGRAPHICS • There is a population of over 146,000 people with an average household income of about $67,600 within a 3-mile radius. • The City of Riverside is home to about 312,000 people, currently ranks as the 12th largest city in California. • Trade area includes University of CA at Riverside (24,000 students), CalBaptist University (9,000 students) and La Sierra University (2,500 students) substantially increasing the 24 hour population in the region

Property Taxes

Property Taxes

Parcel Number
145-304-006
Land Assessment
$317,322
Improvements Assessment
$1,763,478
Total Assessment
$2,080,800
  • Listing ID: 12312654

  • Date on Market: 4/19/2018

  • Last Updated:

  • Address: 9571 Magnolia Ave, Riverside, CA 92503

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