Check Availability
$2,900,000
↓ $100K (3.3%)
Commercial - For Sale

9741 Magnolia Avenue

Riverside, CA 92503
bedrooms
Studio
bathrooms
0 Bath
square feet
13250 Sqft
$14,240
Estimated Monthly

About This Property

Are you looking for a building in a mature commercial area that maximize your long term investment potential while utilize 13,250 sqft building to run your own business or even rent out in Riverside? Look no more. Your opportunity is here.  Free standing, one story building, in corner lot of busiest popular Magnolia street offer 24,394sqft lot size. Excellent exposure for your business due to its good location, nearby regional retailers (Starbuck, Walmart Shopping Center, Lowe"s Plaza, Galleria at Tyler Mall, and fast food restaurants (sonic drive through, McDonald's, or In & Out), easily accessible to corner lot, conveniently to Pedley Metrolink, closer to 91 freeway. The building offer upgrade security parking gate, 1 truck loading roll up door, a warehouse, 1 office and front waiting space area, 2 restrooms, high visible signage.  You can access building from both sides (front and rear), many parking spaces on the back parking lot.  Per city of Riverside, the zoning has changed to Mixed Use Zones (Neighborhood village Urban) that offer many more extra options for your future development while occupying the building for your own business, rent out, or develop into new opportunity for the Riverside area like group housing (convalescent Homes, SRO's, Alcohol and Drug Treatment Facilities, 6 or fewer occupants etc), hotel, motel, or Hotel/Motel-long term stay with conditional permit per Planning department in Riverside City. Buyer and agents responsible for due all 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.

The manager has listed the unit size as 13250 square feet.
Unit Size
13,250Ft²
Days on Market
180 days
Land Size
-
Price per sqft
$219
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
1978

Listed By

LAN TRAN
1 STOP REALTY LLC
Last updated: 25 days ago (MRMLSCA #WS23219275)

Price History

Date / Event Date Event Price
May 5, 2024 Price Decreased $2,900,000
↓ $100K (3.3%)
Price Decreased
Dec 1, 2023 Listed by 1 Stop Realty LLC $3,000,000
Listed by 1 Stop Realty LLC
Jan 5, 2018 Sold $1,290,000
Sold
Oct 4, 2013 Sold to Magnolia Holdings Group Llc Sk $1,200,000
Sold to Magnolia Holdings Group Llc Sk

Property Highlights

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

9741 Magnolia Avenue 9741 Magnolia Avenue, Riverside, CA 92503
  • 1 Unit for Sale
More about this Building
9741 Magnolia Avenue
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