11042 Hole AveRiverside, CA 92505

Property Details for 11042 Hole Ave

Year built

1963

Lot size

0.16 AC

Property size (Sq ft)

1,978 SF

Zone code

C3

Property type

Retail space

APN

146-242-042

APU

146242042

Description

This exceptional 3,895-square-foot industrial property, located at 11042 Hole Ave in Riverside, CA, presents a unique opportunity for businesses seeking versatile space. Situated on a 0.16-acre lot, this single-tenant building boasts a range of uses, including refrigerated/cold storage, manufacturing, and distribution. Built in 1987, the property features a substantial 19-foot ceiling height, providing ample room for operations and storage. The zoning is C-3, allowing for a variety of commercial and industrial activities. The entire 3,895 square feet is currently vacant and ready for immediate occupancy. The property's location in the Riverside submarket of Riverside County offers convenient access to major transportation routes, making it an ideal location for efficient logistics and distribution. The APN is 146-252-042. This property is perfect for a company seeking a well-maintained, versatile industrial space in a prime Riverside location. The property is available for lease and offers a significant opportunity for businesses seeking to establish or expand their operations in a thriving market. The zip code is 92505.

• CAP approach

  CAP return

  Valuation

  6%

  $799,143

  6.5%

  $737,670

  7%

  $684,979

• Comparable approach

  Method

  Valuation

  Relative Method

  $874,404

  Geo Method

  $1,754,416

• Alternative Use

  Use

  Valuation

  Residential

  $622,252

  Hospitality

  $569,980

  Educational

  $474,216

  Medical

  $490,526

  Retail

  $737,670

Location Insight

City

Riverside

County

Riverside

State

California

Latitude

33.9185

Longitude

-117.487

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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