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9571 Magnolia Ave
Riverside, CA 92503
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
Progressive Real Estate Partners is pleased to present the opportunity to acquire a 100% Occupied Multi-tenant Retail Building in the city of Riverside. The property is leased to three service tenants including Threshold Fitness with a fixed 3% annual increases, offering investors a hedge against inflation. Magnolia Avenue is one of Riverside’s primary commercial corridors; the subject property is located on Magnolia Avenue just west of Van Buren Boulevard intersection with traffic counts of over 67,000 cars per day.
Property Taxes
| Parcel Number | 145-304-006 | Improvements Assessment | $1,763,478 |
| Land Assessment | $317,322 | Total Assessment | $2,080,800 |
Property Taxes
Parcel Number
145-304-006
Land Assessment
$317,322
Improvements Assessment
$1,763,478
Total Assessment
$2,080,800
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