This exceptional 8,712 square foot warehouse, situated on an 11,300 square foot lot at 3496 Commerce Street in Riverside, California (zip code 92507), presents a compelling opportunity for owner-occupiers or investors. Built in 1980, the property is currently vacant, having previously served as a truck parts and accessories business. The single-tenant building offers significant potential for a variety of uses. Its zoning designation, R3 (per public records), allows for warehouse and retail operations, making it a versatile asset. The asking price is $1,500,000. The property's substantial size and flexible zoning make it an attractive prospect for businesses seeking a well-located, spacious warehouse in Riverside County. The ample lot size provides potential for expansion or future development. This is a rare chance to acquire a well-positioned industrial property in a thriving market. Serious inquiries are encouraged. The property is ready for immediate occupancy.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$2,181,940
Hospitality
$1,998,645
Educational
$1,662,849
Medical
$1,720,037
Retail
$2,586,654
Location Insight
City
Riverside
County
Riverside
State
California
Latitude
33.9815
Longitude
-117.365
CBSA code
40140
CBSA name
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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