6876 Magnolia Avenue

    Riverside, CA 92506
    • $1,900,000
    • STATUS: Active
    • ON SITE: 66 days
    • ID#: CV20016182
    UPDATED: 26 min ago
    $1,900,000
    • 0
      BEDS
    • 0.94
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,633
      SQFT
    • $220
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Progressive Real Estate Partners is proud to present the opportunity to acquire an 8,633 SF former bank building located along Magnolia Avenue, one of Riverside+GGs primary office/commercial corridors. With visibility to over 21,560 cars per day and a 3-mile population of 114,593 investors and business operators can benefit from acquiring a well maintained asset that can house their business while also providing an opportunity for leased income.+-8,633 SF fully improved former bank building+G- 4 total buildings with shared courtyard space+G- Dedicated parking field with ample 5.5:1000 parking ratio (48 total spaces)+G- Well situated for a variety of uses including:+G- Medical, accounting, financial planning, insurance, law firm, educational, and more+G- Opportunity to take advantage of financing from the Small Business Administration at record low rates. Typically requiring a down payment of as little as 10% to 15%, an owner-user could own and occupy this building for as little as $0.95/SF/MO and eventually own the building free and clear.+G- Recent improvements include:+G- Upgraded exterior lighting+G- New exterior paint+G- New security gatesClick link for property video: https://spark.adobe.com/video/uf6ym9pNfuj4M

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-31T18:31:33.79. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

    www.sdluxe.com/homes/102561750

    6876 Magnolia Avenue Riverside, CA 92506

    • Price: $1,900,000
    • Status: Active
    • Updated: 26 min ago
    • ID#: CV20016182
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.94
    Acres
    8,633
    SQFT
    $220
    $/SQFT
    Neighborhood:
    252 - Riverside
    County:
    Riverside
    Area:
    252 - Riverside
    Property Description
    Progressive Real Estate Partners is proud to present the opportunity to acquire an 8,633 SF former bank building located along Magnolia Avenue, one of Riverside+GGs primary office/commercial corridors. With visibility to over 21,560 cars per day and a 3-mile population of 114,593 investors and business operators can benefit from acquiring a well maintained asset that can house their business while also providing an opportunity for leased income.+-8,633 SF fully improved former bank building+G- 4 total buildings with shared courtyard space+G- Dedicated parking field with ample 5.5:1000 parking ratio (48 total spaces)+G- Well situated for a variety of uses including:+G- Medical, accounting, financial planning, insurance, law firm, educational, and more+G- Opportunity to take advantage of financing from the Small Business Administration at record low rates. Typically requiring a down payment of as little as 10% to 15%, an owner-user could own and occupy this building for as little as $0.95/SF/MO and eventually own the building free and clear.+G- Recent improvements include:+G- Upgraded exterior lighting+G- New exterior paint+G- New security gatesClick link for property video: https://spark.adobe.com/video/uf6ym9pNfuj4M
    Exterior Features

    Lot Features Lot Over 40000 Sqft Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels Description 225284008225284012225284013225284015225284016225284033 Additional Parcels YN Yes Asset Class Retail Building Area Units Square Feet Building Status Existing Business Type CommercialRetail Country Us Investment Property YN Yes Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Retail Retail Square Footage 8633 Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Brad Umansky of Progressive R. E. Partners


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-31T18:31:33.79. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

     
    Crudo & Associates | Willis Allen Real EstateLa Jolla
    1131 Wall St.
    La Jolla CA, 92037