For Sale
$1,750,000

407 Iowa Ave Riverside, CA 92507

Two Buildings, 1.74 Acres, High Potential

Overview

Added:
Feb 3
Days on market:
80
This exceptional investment property in Riverside, CA, presents a rare opportunity to acquire a substantial multi-unit commercial complex spanning 1.74 acres of flat, fenced land. The property comprises two separate buildings with distinct addresses: 407 Iowa Avenue and 421 Iowa Avenue. The main building, located at 407 Iowa Avenue, boasts 2,152 square feet and is currently leased and operating as a successful restaurant. This provides immediate and consistent rental income. The second building, situated at 421 Iowa Avenue, offers a generous 2,384 square feet and features two separate units. Historically, these units have served as a bakery and a barber shop, presenting versatile options for future tenants. The entire property is enclosed by a common block wall, ensuring privacy and security. The combined square footage of both buildings totals 4,536 square feet, offering significant potential for expansion, redevelopment, or continued operation as a multi-tenant commercial property. The flat, 1.74-acre lot provides ample space for parking, outdoor seating, or future development. This property is an ideal investment for those seeking a strong return on investment in a desirable Riverside location. The property is priced at $1,750,000.

Property Details for 407 Iowa Ave

Property type
Commercial real estate
Square Feet
4,536 SF
Year Built
1957
Lot Size (sq. ft)
75,794 SF

Location Insight

City
Riverside
County
Riverside
State
California
Latitude
34.01392
Longitude
-117.3404

FAQs

What type of property is this?
Commercial real estate - Two Buildings, 1.74 Acres, High Potential
Where is the commercial real estate located?
The property is located at 407 Iowa Ave Riverside, CA.
What is the asking price?
The asking price for this property is $1,750,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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407 Iowa Ave
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