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10397 Hole Ave 1,333 SF 100% Leased Retail Building Riverside, CA 92505 $1,172,254 CAD ($879.41 CAD/SF) 7% Cap Rate
Investment Highlights
- Excellent visibility and signage potential for retail or service use
- High pedestrian and vehicle traffic on a busy Riverside street
- Abundant natural light creating a bright, inviting interior
Executive Summary
Excellent Riverside location on a busy street with strong visibility and easy access to major freeways, shopping, schools, parks, and dining. This property features a well-established barbershop (over 20 years in operation) with equipment in place. The building offers three separate spaces, including two additional offices that can be leased for additional income or used to expand the existing business. Ample on-site parking provides convenience for customers and tenants. The property is equipped with alarms and security cameras for added safety and peace of mind. Ideal for an investor seeking income potential or an owner-user looking to operate and grow a business in a high-demand area. Exceptional opportunity in a desirable and growing Riverside market.This property qualifies for conventional loan, small business loan, and 1031 exchange .
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,333 SF
Building Class
C
Year Built
1959
Price
$1,172,254 CAD
Price Per SF
$879.41 CAD
Cap Rate
7%
NOI
$82,058 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
0.19 AC
Zoning
RO - Buyer and buyer’s agent to perform their own due diligence regarding permitted uses, zoning, and any other requirements with the City of Riverside.
Frontage
Amenities
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 143-150-020 | Improvements Assessment | $336,163 CAD |
| Land Assessment | $288,403 CAD | Total Assessment | $624,566 CAD |
Property Taxes
Parcel Number
143-150-020
Land Assessment
$288,403 CAD
Improvements Assessment
$336,163 CAD
Total Assessment
$624,566 CAD
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10397 Hole Ave
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