Progressive Real Estate Partners is pleased to present the opportunity to acquire a 100% Occupied Multi-tenant Retail Building in the city of Riverside. The property is leased to three service tenants including Body Massage, Water Island Foot Body Massage and Threshold Fitness with fixed 3% annual increases, offering investors a hedge against inflation. Magnolia Avenue is one of Riversides primary commercial corridor; the subject property is located on Magnolia Avenue just west of Van Buren Boulevard intersection with traffic counts of over 67,000 cars per day.

  • MLS# CV18262663
  • Style Retail
  • Sub-Type Resale
  • Status Active
  • Days On Site 110
SQ Feet 10,500
Story(s) 1
Listing Provided By:
BRAD UMANSKY  of  PROGRESSIVE R. E. PARTNERS
 
 
 
this listing $1,774,000
277.53%
$469,900 in 92503
this listing 10,500 SqFt
443.76%
1,931 SqFt in 92503
this listing $169 $/SqFt
30.57%
$243 $/SqFt in 92503
this listing 110 on site
358.33%
24 on site in 92503

Location

State CA
County Riverside
City Riverside
Zip Code 92503
Area 252 - Riverside

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