3767 Iowa AveRiverside, CA 92507

Property Details for 3767 Iowa Ave

Year built

1963

Construction

TILT-UP CONCRETE

Lot size

0.60 AC

Property size (Sq ft)

4,978 SF

Zone code

R1

Property type

Turn key restaurants

APN

250-190-036

APU

250190036

Description

This exceptional 4,978 square foot restaurant building is situated on a 0.6-acre lot at 3767 Iowa Avenue in Riverside, CA. Its prime location near UC Riverside offers a built-in customer base of students, faculty, and residents within a high-density area with strong demand for dining options. The property is ideally positioned within a designated redevelopment zone, poised to benefit from significant infrastructure improvements and economic growth initiatives designed to increase foot traffic and enhance business visibility. These planned enhancements promise to significantly boost the area's appeal and long-term property value, creating a strong economic upside for the owner. This turnkey opportunity is perfect for an established restaurant operator looking to expand, a new entrepreneur launching a concept, or an investor seeking a strategic acquisition in a rapidly developing corridor with substantial growth potential. The $4,000,000 asking price reflects the property's exceptional location and future prospects. This is a rare chance to secure a thriving restaurant space in a dynamic and expanding market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,011,189

  6.5%

  $1,856,482

  7%

  $1,723,876

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,200,598

  Geo Method

  $4,415,309

• Alternative Use

  Use

  Valuation

  Residential

  $1,566,012

  Hospitality

  $1,434,459

  Educational

  $1,193,453

  Medical

  $1,234,497

  Retail

  $1,856,482

Location Insight

City

Riverside

County

Riverside

State

California

Latitude

33.9765

Longitude

-117.34

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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