3496 Commerce StRiverside, CA 92507

  • Warehouses
  • 7,350 SF
For Sale
$1,500,000 View listing

Property Details for 3496 Commerce St

Year built
1928
Construction
WOOD
Lot size
0.20 AC
Property size (Sq ft)
7,350 SF
Zone code
M2
Property type
Warehouses
APN
211-022-003
APU
211022003

Description

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,206
$117,120
$68,307
$185,427
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