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10555 Magnolia Ave
Riverside, CA 92505
Retail Property For Sale
Investment Highlights
- Single-Tenant Retail
- High Exposure - Magnolia Avenue Across the Street from Kaiser Permanted and its Expansion
- One Story Construction - Well Maintained
- Includes Inventory and Equipment
Executive Summary
The Property:
Built in 1955, the Property is a well-maintained Single-Story building comprising approximately 7,810 Square Feet and situated on an approximate 20,878-square-foot lot. The location is on highly trafficked Magnolia Avenue and is contiguous to the Riverside Days Inn Hotel. Currently operated as a car stereo/auto parts and repair business, the long-term owner is offering both the Real Estate and the Business Equipment and Inventory for sale. They are included in the sales price. The owner may also consider a lease-back.
Please note that the Property is a current operating Business. All interior showings are by appointment only through the Listing Agent, and the current working staff is not to be disturbed or asked questions.
Location:
The Property is located on highly trafficked Magnolia Avenue, offering excellent street exposure for the existing business. Adjacent to the Property is the Days Inn Riverside, and across the street on Magnolia Avenue is the Riverside Kaiser Permanente, which has undergone a significant augmentation/expansion to the existing facility. The Property is accessed by the 91 Freeway off of Magnolia and is near significant retail development.
Built in 1955, the Property is a well-maintained Single-Story building comprising approximately 7,810 Square Feet and situated on an approximate 20,878-square-foot lot. The location is on highly trafficked Magnolia Avenue and is contiguous to the Riverside Days Inn Hotel. Currently operated as a car stereo/auto parts and repair business, the long-term owner is offering both the Real Estate and the Business Equipment and Inventory for sale. They are included in the sales price. The owner may also consider a lease-back.
Please note that the Property is a current operating Business. All interior showings are by appointment only through the Listing Agent, and the current working staff is not to be disturbed or asked questions.
Location:
The Property is located on highly trafficked Magnolia Avenue, offering excellent street exposure for the existing business. Adjacent to the Property is the Days Inn Riverside, and across the street on Magnolia Avenue is the Riverside Kaiser Permanente, which has undergone a significant augmentation/expansion to the existing facility. The Property is accessed by the 91 Freeway off of Magnolia and is near significant retail development.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,100 SF
Building Class
C
Year Built
1955
Price
$9,155,185 CAD
Price Per SF
$1,130.27 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.58
Lot Size
0.32 AC
Zoning
C2
Parking
10 Spaces (1.41 Spaces per 1,000 SF Leased)
Frontage
78’ on Magnolia Ave
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,439,879 CAD | |
| Land Assessment | $857,255 CAD | Total Assessment | $3,297,134 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$857,255 CAD
Improvements Assessment
$2,439,879 CAD
Total Assessment
$3,297,134 CAD
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