For Sale
$8,000,000
3700 Main St Riverside, CA 92501
Historic Downtown Riverside bar, restaurant, & storefront
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- $8,000,000 asking price for a 54,000 square foot retail property in Riverside, CA.
- Value-add opportunity with a 6.56% cap rate and a pro-forma cap rate of 8.05%.
- Located in the desirable Mission District of Downtown Riverside, near the Mission Inn Hotel and Spa and the Riverside Convention Center.
- Historic 1938 building with adaptive reuse potential, currently 65% occupied, generating $524,997 NOI and a pro-forma NOI of $774,193.
- Features a mix of tenants including a bar, restaurant, and storefront, with 8 parking spaces and a 13,939 square foot lot.
Property Details for 3700 Main St
- Property type
- Retail properties, Restaurants
- Square Feet
- 54,000 SF
- Year Built
- 1938
- Buildings
- 1
Location Insight
- City
- Riverside
- County
- Riverside
- State
- California
- Latitude
- 33.9826991
- Longitude
- -117.3736692
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Historic Downtown Riverside bar, restaurant, & storefront
- Where is the retail property located?
- The property is located at 3700 Main St Riverside, CA.
- What is the asking price?
- The asking price for this property is $8,000,000.
- What are key features of this property?
- This property features: $8,000,000 asking price for a 54,000 square foot retail property in Riverside, CA.; Value-add opportunity with a 6.56% cap rate and a pro-forma cap rate of 8.05%.; Located in the desirable Mission District of Downtown Riverside, near the Mission Inn Hotel and Spa and the Riverside Convention Center.
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