For Sale
$835,240

1935 Chicago Ave Riverside, CA 92507

Prime Riverside location, 2,983 SF office

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 2,983 square foot executive office condominium is situated in the desirable Hunter Park area of Riverside, California, at 1935 Chicago Avenue within the Chicago Gateway campus. Built in 2006, this single-story building offers a highly improved and functional floor plan, perfect for owner-users seeking a prominent presence in a thriving market. The property boasts excellent visibility on Chicago Avenue, within a beautifully landscaped, 160,000 square foot master-planned campus. With easy access to the 60, 91, and 215 freeways and proximity to the University of California, Riverside, and downtown Riverside, this location offers unparalleled convenience. The property includes ample parking (4 spaces per 1,000 sq ft), providing convenient access for employees and visitors. The asking price is $835,240, representing a price per square foot of $280, significantly below replacement cost. This presents a unique opportunity for substantial after-tax savings compared to leasing. The property's high-quality interior improvements and flexible floor plan allow for easy customization to meet specific business needs. The strong location within the Inland Empire, a region with a robust economy and a population of 4.6 million, further enhances the investment potential. Excellent signage opportunities are available to increase visibility and brand recognition. The property's APN is 210-081-012. This is a rare chance to acquire a highly desirable office space in a prime Riverside location.

Highlights

  • Rare opportunity to acquire a highly desirable, low-basis office condo in Riverside, CA.
  • 2,983 SF single-story office in prime Riverside location near restaurants, retail, UC Riverside, and Downtown Riverside.
  • Occupy 2,893 SF of highly improved space immediately.
  • Excellent visibility in the beautifully landscaped, 160,000 SF Chicago Gateway campus on Chicago Avenue.
  • Located in the Inland Empire, a $200 billion economy with 4.6 million residents.
  • Great freeway access (60, 91, 215) and 17 miles from Ontario International Airport.

Property Details for 1935 Chicago Ave

Property type
Office properties
Square Feet
2,983 SF
Year Built
2006
Stories
1

Location Insight

City
Riverside
County
Riverside
State
California
Latitude
33.9937849
Longitude
-117.3495853

FAQs

What type of property is this?
Office property - Prime Riverside location, 2,983 SF office
Where is the office property located?
The property is located at 1935 Chicago Ave Riverside, CA.
What is the asking price?
The asking price for this property is $835,240.
What are key features of this property?
This property features: Rare opportunity to acquire a highly desirable, low-basis office condo in Riverside, CA.; 2,983 SF single-story office in prime Riverside location near restaurants, retail, UC Riverside, and Downtown Riverside.; Occupy 2,893 SF of highly improved space immediately.
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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1935 Chicago Ave
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