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400 Main StRiverside, CA 92501

5.61-acre industrial site, prime location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 5.61-acre industrial land parcel presents a rare owner-user or investment opportunity in Riverside, California's highly sought-after Inland Empire market. Located at 400 and 424 Main Street, this property boasts immediate occupancy of approximately 2.34 acres, with an additional area available for expansion by September 2025. The site features partially paved/graveled grounds and benefits from Main Street frontage and BMP zoning, offering flexibility for various industrial outside storage (IOS) uses and future redevelopment potential. Its strategic location just north of the SR-60, SR-91, and I-215 freeway interchange provides convenient access to major transportation arteries and places it at the entrance of the Agua Mansa Industrial Corridor, home to prominent national and regional industrial tenants such as Amazon, FedEx, and Walmart. The surrounding area demonstrates strong demographics, with a 5-mile population of 244,530 and an average household income of $94,901. The Inland Empire's robust economy, consistently ranking as Southern California's top-performing market for nine consecutive years, and its position as the leading industrial market in the United States, further underscores the investment potential of this property. The Riverside submarket's low vacancy rate of 4% in Q4 2023 highlights the high demand for industrial space in this area. This property offers a unique blend of immediate usability and future growth potential in a thriving industrial hub. The zip code is 92501.

Highlights

  • Inland Empire boasts a $200B economy, outperforming Southern California for nine consecutive years with average 5.2% annual growth.
  • The Inland Empire is the nation's top industrial market, featuring over 668 million square feet and a Q4 2023 vacancy rate of 5.3%.
  • The Riverside submarket comprises almost 58 million square feet of industrial space, exhibiting a 4% vacancy rate in Q4 2023.

Property Details for 400 Main St

Property type
Land, Industrial properties
Lot Size (sq. ft)
244,372 SF

Location Insight

City
Riverside
County
Riverside
State
California
Latitude
34.0162611
Longitude
-117.3622729
400 Main St, Riverside, California

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400 Main St
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