216 Riverside AveRoseville, CA 95678
- Office properties
- 6,437 SF
Property Details for 216 Riverside Ave
- Year built
- 1977
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.17 AC
- Property size (Sq ft)
- 6,437 SF
- Zone code
- C3
- Property type
- Office properties
- Property subtype
- Other office properties
- APN
- 014-013-007-000
- APU
- 14013007000
Description
This exceptional retail investment opportunity encompasses four contiguous buildings totaling 17,532 square feet at 216, 220, 224, and 228 Riverside Avenue in Old Roseville, Placer County. The property, currently offering a mix of tenancies, includes 3,702 square feet of vacant space, presenting a unique chance for owner-users or investors. A complete renovation was undertaken in 2023, ensuring modern and attractive spaces for tenants. The buildings boast a highly desirable location on Riverside Avenue, just south of Douglas Boulevard, benefiting from an average daily traffic count of 9,680 vehicles. This high visibility ensures excellent exposure for businesses. The property features a fenced and gated rear parking lot, providing ample and secure parking for customers and employees. Its proximity to other retail amenities further enhances its appeal and potential for success. This is an ideal opportunity to acquire a well-maintained, strategically located retail center in a thriving area of Old Roseville. The property is available for sale or lease.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $852,290
- 6.5%
- $786,730
- 7%
- $730,535
-
Comparable approach
- Method
- Valuation
- Relative Method
- $919,075
- Geo Method
- $919,075
-
Alternative Use
- Use
- Valuation
- Residential
- $975,545
- Hospitality
- $893,594
- Educational
- $743,460
- Medical
- $769,028
- Retail
- $1,156,492
Location Insight
- City
- Roseville
- County
- Placer
- State
- California
- Latitude
- 38.7419
- Longitude
- -121.291
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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