982 & 982 1/2 Center St.and Lot 3 Properties Offered at $460,000 in Riverside, CA

982 Center Street (which is an Existing Barber Shop) presents a compelling opportunity for investors or owners seeking a versatile retail asset. The Barber Shop square footage is 960 with one bathroom. 982 1/2 Center Street is a freestanding building with 1,000 Sq.Ft and a 450 square foot loft for a total of 2000+450 Sq. Ft. for both. This building was built in the 1960s has one bathroom. 982 1/2 has been used in the past by a Paint Contractor, Bee Keeper, Sign Shop, Auto Detailer, Flower Shop, Electronic Repair, Thrift Store, Music Recording Studio, Copier Service. The property was origianlley named High Grove Bussines Center. A seperate business can be run from each building. The retail buildings paired with the 33 x 75 Lot is ideal for future development, parking expansion, or outdoor activation. Currently, this parcel can accommodate 5 to 6 vehicles. The property benefits from strong street visibility. Additonal parking for 1 car in back, 2 cars in the alley and 3 cars on the street allows plenty of parking for customers. An expansion of 700 Sq. Ft. is available, making a total of approxamentlt 3000 Sq. Ft.
Riverside’s economic development initiatives and proximity to UC Riverside and the Riverside Convention Center further elevate the area’s long-term growth trajectory. Whether repositioned for a single-tenant retail use, subdivided for boutique storefronts, or integrated into a mixed-use concept, this asset offers flexibility and location strength.
With Riverside’s population exceeding 320,000 and a median household income above $75,000, the surrounding demographics support a range of retail, service, and community-oriented uses. Investors can capitalize on the city’s pro-business climate and ongoing infrastructure improvements to unlock value from both the existing structure and the adjacent land.