Riverside, CA 92503 9741 Magnolia Avenue
$2,800,000
Presented By: LAN TRAN with 1 STOP REALTY LLC; 626-625-5416
Home Details
Back on Market! General Retail Commercial Building in mature market is ready for new owner-user or investor who need 13,250 sqft space to run business or lease it out for monthly cash flow. Stand alone building that offer 24,394 sqft lot size are located on popular street with heavy traffic flow daily. The building nearby Galleria at Tyler Mall, Starbuck, Walmart, Lowe's Plaza etc..., easily accessible to Pedley Metrolink, closer to 91 freeway. Building has 1 roll up door on the back, 3 front entrances that can section out in case owner does not want to occupy all spaces, 1 small front office, 1 small waiting area in front, 2 restrooms, lots of spaces for storages. and 13 designation parking spaces on back. Per city of Riverside, the area has rezone to Mixed Use Zones that give new owner many more options for long term future development. Previous owner use as restaurant, masculine business, Indian Spice Market. Current owner uses as Auto Parts. Buyer and his/her agent responsible for all due diligent. Listing broker and seller does not responsible for the accuracy of sqft of building, lot size. Sale "AS IS". Information deem to be reliable but not guaranteed.
Presented By: LAN TRAN with 1 STOP REALTY LLC; 626-625-5416
Interior Features for 9741 Magnolia Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 9741 Magnolia Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate7.09
Carport Y/NNo
CityRiverside
Construction MaterialsDrywall
CoolingCentralAir
CountyRiverside
Days on Market18
DirectionsTake 10 E to 71S to 91E toward Riverside exist 56 (left turn), right on Magnolia. Between Magnolia & Dykes Lane
Electric On Property Y/NNo
Garage Y/NNo
HeatingCentral
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet24394.0
Lot Size UnitsSquareFeet
MLS Area252 - Riverside
MobileHomeRemainsYNNo
Net Operating Income198750.0
New ConstructionNo
Occupancy TypeOwner
Private PoolNo
Property Sub Type AdditionalRetail
Property SubTypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
TermsCash, CashToNewLoan, Conventional, Exchange1031
View Y/NNo
Waterfront Y/NNo
Year Built1978
Exterior for 9741 Magnolia Avenue
Building Area Total13250.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.56
Lot Size Area24394.0
Lot Size SourceAssessor
Open Parking Y/NNo
SpaNo
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480