For Sale
$1,999,999

405 Iowa AveRiverside, CA 92507

Prime Retail Strip Center, High ROI

Overview

Added:
Feb 3
Days on market:
59
This exceptional freestanding retail strip center at 405 Iowa Avenue, Riverside, CA, presents a compelling investment opportunity. The single-story building encompasses 4,045 square feet and sits on a 0.34-acre lot, providing ample space for its three fully leased retail units. The property's strong financial performance is ensured by the consistent monthly income generated from these established tenants, offering investors a reliable and stable return. Its strategic location offers unparalleled accessibility, being less than half a mile from Interstate 215, within a five-minute drive of downtown Riverside, and conveniently located just 23 minutes from Ontario International Airport. The property includes 20 surface parking spaces for customer convenience. Situated in the desirable East Inland Empire submarket, this retail center is zoned CP, allowing for a diverse range of retail uses. This combination of high visibility, strong tenant occupancy, and convenient location makes this property an ideal addition to any discerning investor's portfolio, promising significant long-term growth potential. The asking price is $1,999,999.

Property Details for 405 Iowa Ave

Property type
Retail properties
Square Feet
4,045 SF
Year Built
1960
Lot Size (sq. ft)
14,810 SF

Location Insight

City
Riverside
County
Riverside
State
California
Latitude
34.01438
Longitude
-117.3404
405 Iowa Ave, Riverside, California

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405 Iowa Ave
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